very true. and if he's a legit key man and it's reasonably tied to performance, not irrational either, to match a Sheryl Sandberg type offer.
$2.2b in profit will put you in the 90s on the Fortune 500. Google is 16th in net profit margin at 25.7, JPM 49th at 17.1 [1]. the saying is, earnings are an opinion, cash is fact.* JPM's earnings are more of an opinion than most.
$2.2b in profit will put you in the 90s on the Fortune 500. Google is 16th in net profit margin at 25.7, JPM 49th at 17.1 [1]. the saying is, earnings are an opinion, cash is fact.* JPM's earnings are more of an opinion than most.
[1] http://money.cnn.com/magazines/fortune/fortune500/2012/perfo...
*although cash can be generated from crazy contingent liabilities and derivatives, eg AIG.