And example of one of the robber barons and his philosophy. In one sense it makes sense if I actually applied. In a service economy it boils down to chicken feed. But then Morgan made his fortune screwing many along the way. :twocents:

John Pierpont Morgan (1837-1913), who founded an industrial empire and worked as a financier at the bank which today has become part of JPMorgan Chase, believed the desirable top-to-bottom salary gap in any company should be twenty-to-one.

Since JPMorgan's CEO and chairman, Jamie Dimon, stands to pocket more than 17 million dollars in 2009, that would mean the lowest salary at his bank should be fixed at 850,000 dollars, according to the bank's founding father.
gypski Reviewed by gypski on . Tea Bag Socialists "Seventy percent of those who identify as Tea Partiers -- a platform that strongly decries government intervention in public life -- want an interventionist government to create jobs, and only about one in three believe Medicaid and Medicare are "socialist" programs, according to a new Bloomberg poll." Gee, they can call Obama a socialists and then want a government socialistic jobs program. What a dichotomy!!! :D Is Promote the General Welfare a socialistic idea put forth by the Rating: 5