How does Jamie Dimon still have a job?
Can someone please tell me how this dick still has a job? Besides throwing everyone under the bus besides himself, Jamie, who personally signed off on the $2billion+ trade, still sits in his office with a smug grin on his face.
Sure, he testifies before the Senate Banking Committee on June 13, but will most likely point to JPM’s stellar balance sheet.
He admits they were “sloppy”. Well then you should be out! Aren’t you a seasoned CEO? And you were sloppy? Yeah because it’s not his money that he’s gambling with. He’s got to go!
Probably because there isn’t a significant holder of shares to unseat him.
Two new stories have emerged regarding JPMorgan (NYSE:JPM). In the first, the company is said by Reuters to have sold some $25 billion of profitable securities, for the purpose of raising its second quarter earnings following its now famous CIO loss. The news agency used Jamie Dimon’s claim of a $1 billion profit for JPM on sales of assets, and also the bank’s historical return of below 4 percent from such instruments as the basis of its calculation. Separately, JPMorgan finds itself enmeshed in an insider-trading investigation in Japan, also reported by Reuters. Regulators have named the bank as the source of leaked confidential information about a $505 million secondary offering by Nippon Sheet Glass in 2010. That investigation is part of a wider probe into insider trading related to secondary offerings, a situation described as “endemic”.