Overpaid

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‘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.

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




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