( CNN ) -- The chief executive of JPMorgan says he can understand some of the grievances of the Occupy movement , describing some of Wall Street 's actions as `` a total disgrace . '' Speaking with CNN 's Richard Quest at the World Economic Forum in Davos , Switzerland , JPMorgan CEO Jamie Dimon was asked if he was worried about growing antagonism towards the rich . `` It 's becoming an entrenched view , but here 's the parts I agree with , '' he said . `` People are angry because a lot of people in Wall Street made a lot of money as companies went down the tubes , and I agree with them . That 's a total disgrace . '' He stressed his firm had acted responsibly . `` We never had special severance packages and stuff like that ... So a lot of new rules being promulgated , we were always doing them . '' Dimon said he was concerned about the gap between rich and poor . `` I do think we 're all better off if society gets increasingly equitable . The question we 've got to deal with is , how do you do that ? '' He advocated progressive taxation , and a focus on `` giving people better opportunities . '' `` In the United States , half the kids in inner city schools do n't graduate -- that 's the biggest sin we make in our country right there . ''
JPMorgan chief Jamie Dimon says some of Wall Street 's actions have been a `` disgrace '' He says we will all benefit from a more equitable society . Progressive taxation and a focus on `` giving people better opportunities '' will help .