He says that JPMorgan’s chief executive Jamie Dimon’s income is $25 million, while Yankee’s third baseman Alex ‘A. Rod’ Rodriguez’s income is $32 million (not including any promotional deals).
Bove writes (emphasis added):
The New York Yankees have won one World Series in the past 10 years. They will pay their players $196.9 million dollars this year. The team’s four infielders will earn 40.6% of that or about $80 million in 2012.
The four largest banks in the United States employ more than 1 million people and have aggregate assets of $7.6 trillion. The actions of the banks will impact virtually every American household. The four CEOs of these banks are expected to earn about $65 million this year.
Clearly, society values the New York Yankees infield above that of the leaders of the banking industry even without a World Series ring.