Silicon Valley’s Paydays Are Outrageous—So, Where’s the Outrage?

JPMorgan pays CEO Jamie Dimon $20 million, and it’s instantly the subject of widespread angst—online, in newspapers, and all over cable news. Then, this week, Google announces a $106 million payday for Chairman Eric Schmidt, and the reaction is relatively mute.


This was the subject of a Steven Davidoff’s column (that notably left out the word “bailout.”) People have every reason to be mad at JPMorgan and Dimon, given the way the last seven years have gone, not just for the bailout but also for all the lawbreaking that has characterized Dimon’s watch (nepotism in China, LIBOR, money laundering, and the list goes on.). While there are reasons to be mad at Google, they don’t involve blowing up the world economy, consuming billions of dollars of taxpayer money, and then whining about being treated unfairly.

That’s why people are upset about Dimon’s paltry $20 million rather than Schmidt’s princely $106 million. But it doesn’t make Silicon Valley’s huge payouts right.

Read more. [Image: Reuters]

Stephane Hessel - a 94 years old Elegant

Stéphane Hessel, portrait by Ulf Andersen.

The 94 years old former Resistant during WW2 and ex-diplomat but still active trouble-maker definitely is an underestimated but obvious icon of French elegance. It’s all about attitude. His eyes and tired skin magnified by Ulf Andersen are the perfect illustration of a timeless elegance, beyond the outfit. We will not judge neither his long career with possible mistakes here and there, nor his ego. Regardless of all that, we would all love to look like Mr Hessel at his age.


A 94 ans, l’ancien Résistant de la 2nd Guerre Mondiale et ex-diplomate mais agitateur toujours actif est pour l’éternité une icône de l’élégance à la Française, quoique mésestimée. Tout est dans l’attitude. Son regard pétillant et sa peau fatiguée magnifiés par Ulf Andersen illustrent à la perfection une élégance intemporelle, au-delà de l’habit. Nous ne jugerons ici ni sa longue carrière sans doute émaillée de petits égarements ici et là, ni son égo. Malgré cela, nous aimerions vraiment beaucoup ressembler à Mr Hessel à son âge.

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