What happens when the ‘Average Joe’ gets caught committing a crime? He or she usually gets the book thrown at them, most often spending time in the slammer. However, what happens when “corporations too big to fail” get caught with “their hands in the cookie jar,” so to speak? Not very many folks pay the time, but the corporate treasury pays the fine. Why? Apparently, large sums of money can “absolve corporate sins” time after time after time. One industry that has had enormous fines levied against it is the pharmaceutical industry, also known as Big Pharma. (more…)
A flyer demanding that Jews in the Ukrainian city of Donetsk register with its pro-Russian government is “fake,” a Jewish advocacy group with direct contacts in the region tells the Daily Dot.
“It’s a fake flyer,” says Lesley Weiss, deputy director of the National Conference Supporting Jews (NCSJ), which focuses its efforts on Russia, Ukraine, and the Baltic States. (more…)
A year after an embarrassing trading blowup led to millions of dollars being docked from Jamie Dimon’s paycheck, the chairman and chief executive of JPMorgan Chase is getting a raise.
JPMorgan’s board voted this week to increase Mr. Dimon’s annual compensation for 2013, hashing out the pay package after a series of meetings that turned heated at times, according to several executives briefed on the matter. The raise — the details were not made public on Thursday — follows a move by the board last year to slash Mr. Dimon’s compensation by half, to $11.5 million.