Obama Doesn't 'Begrudge' Dimon, Blankfein Over Pay
President Barack Obama said he doesn't begrudge the chief executives of JPMorgan Chase and Goldman Sachs their bonuses but called their pay "extraordinary." In an interview with Bloomberg BusinessWeek, Obama also underscored his call for shareholders to have more of a say on executive pay. Goldman, which reported a record profit for 2009, announced last week it would award CEO Lloyd Blankfein stock worth about $9 million. JPMorgan chief executive Jamie Dimon is to receive a compensation package worth around $17 million.