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  1. The Problem With Corporate Governance at JPMorgan Chase | Forex Market Today
    May 9, 2013 @ 1:19 am

    […] are on the upper left on this page). For a concise statement of the core issues, I recommend this analysis by Bart Naylor of Public Citizen focusing on Exhibit 46 and explaining how JPMorgan Chase […]

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  2. Stop Subsidizing the Looters - CitizenVox CitizenVox
    January 10, 2017 @ 2:26 pm

    […] On Wall Street, where the added value to the economy is suspect, the bonus culture has run amok. At JP Morgan’s London office, for example, traders gambled with hundreds of billions of dollars in deposits made cheap by the taxpayer-subsidized Federal Deposit Insurance Corp (FDIC). Sometimes they won, such as when they bet that American Airlines would go bankrupt. Sometimes they lost, such as when they overextended on a bet so complex that the JP Morgan CEO himself could identify the problem for weeks. Instead of being paid double, triple, or even 10 times the average income for US workers, (about $50,000), they received more than 100 times. Their boss, Chief Investment Officer Ina Drew, allegedly prompted the mega-trade to goose her stock-based (taxpayer subsidized) bonus, according to a Public Citizen analysis based on a Senate investigation. […]

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