Registered: Feb 2004
05-15-12 12:41 PM
Quote from Banjo:
There will be hell to pay if JPM tries to take away money from the execs who were doing what they were told by Dimon to do: risk billions to drive profits. The fact that Drew brought the company billions of dollars in profit during her time there shows she was performing to the best of her ability. Her contributions seem to far outnumber her mistakes.
Drew and the others who's heads are rolling are scapegoats in this situation. As long as Dimon continues as CEO of JPM, this whole thing will be a sham. He is the one who orchestrated the the changes, taking the CIO from a risk-mitigation unit, to a profit center.
A real man would step down in light of his poor judgement and lack of effective leadership. A rich man merely blames others for his mistakes.
Shame on you, Jamie.