Dimon: Occupy Wall Street has ‘legitimate complaints’

Jamie Dimon, the outspoken head of one of America’s biggest banks, said Thursday that the Occupy Wall Street protesters have some “legitimate complaints,” but that investment banking has a bright future and will remain a highly paid industry , a Marketwatch blog writes.

The chairman and CEO of J.P. Morgan Chase & Co. made the comments after receiving  the Executive of the Year award presented to him by the University of Rochester’s Simon Graduate School of Business at a hotel ballroom in midtown Manhattan. Dimon stuck around to answer a few questions.

Asked about the Occupy Wall Street movement against financial greed and economic inequality, Dimon acknowledged that the protesters have some “legitimate complaints.” He argued, however, that it’s unfair to paint all institutions with one brush: “It was everyone guilty. That’s another form of discrimination.”

“When things go wrong, finance gets blamed,” just like blaming speculators for high oil prices, Dimon said. The remark was an apparent reference to President Barack Obama’s recent call for new measures to prevent manipulation of oil markets.

Find out more at http://blogs.marketwatch.com/thetell/2012/05/03/dimon-occupy-wall-street-has-legitimate-complaints/