Thursday, March 1, 2012


‘Damned Outrageous’

“The chief executive of the biggest bank in the United States says journalists are ridiculously overpaid.

“At the company's annual investor day, JPMorgan Chase CEO Jamie Dimon called the percentage of newspaper company revenue paid out to employees ‘just damned outrageous,’ according to Bloomberg News. ‘Worse than that, you [the media] don’t even make any money!’

“Dimon then defended his company's own pay levels, arguing it necessary in the struggle to retain top talent. ‘We are going to pay competitively,’ he said, according to the [Wall Street Journal]. ‘We need top talent, you cannot run this business on second-rate talent.’

“Dimon himself took home roughly $23 million in 2011. . . . Compare that to newspaper reporters, who earn an average salary of $43,780, according to the Bureau of Labor Statistics.”

—Bonnie Kavoussi, reporter,
JPMorgan Chase CEO: Newspaper Industry Pay ‘Just Damned Outrageous,’
The Huffington Post
, Feb. 28, 2012
(Thanks to alert WORDsters Di “Moneybags” Lewis & Brenda “Ridin’ High” Cooper)

• Editorial Comment: And let’s not even *talk* about all those overpaid teachers and perfessers!

• Faculty Wanted! The JCOM Department at Utah State is taking applications for a multimedia instructor, teaching our new required multimedia class and assisting with the Aggie TV newscast classes. For full positions description, click here.

News from our award-winning student news site, The Hard News Café
JCOM Scholarships for 2012-13. Deadline: April 2
USU hosts 4th annual regional public relations conference
, by Allie Jeppson
Aggie BluePrint: 5 things you never knew we had on campus, by Lindsay Nemelka
The Blue Streak: What do students want from their candidates in 2012? by Matt Skabelund, Katie Carter, Parker Jeppesen, Julia Stock, Jessica Jolley, Adison Pace and Victoria Hepworth
The Aggie TV News Team (Feb. 22 edition). Bookmark ATV News
Ancient history not only about cave men, archeologist tells crowd, by Josh Ruggles
Johnny Cupcakes’ secret to success: Work now, play later, by Tmera Bradley
Prepare kids for kindergarten by reading to them, teachers say
, by Tara Alvey
Mechanic can get out of his wheelchair, back under cars again, by Steve Kent
Federal budget cuts threaten Nibley’s Maple View subdivision
, by Jessica Wilkinson
The Blue Streak: Zombies rise again at ‘Science Unwrapped’
‘Out of Iraq’ to bear witness those affected by war on conflict’s 9th anniversary
Proposed Rec Center, playing fields depend on $30 student fee vote, by Becca Holliday

PeezPIX by Ted Pease
Catalog here.

HAPPY HOMECOMING! JCOM—Our new home, the $43M USU Agricultural Sciences (and Journalism) Building, is dedicated today. JCOM moving day 3/30.


1 comment:

  1. My thought about Dimon's comments was that explains why those smiley faces behind the teller windows get paid so poorly; the guys in the penthouses need all the money.