Sunday, May 12, 2013

Well, there's always a future in Chuck Hegel look-a-like contests

(Reuters) - JPMorgan Chase & Co Chairman and CEO Jamie Dimon said he may consider leaving the bank where he has held the top post since 2005, if shareholders vote to split his duties, the Wall Street Journal reported on Saturday. Shareholders will vote later this month at an annual meeting in Tampa, Florida, on a non-binding proposal to separate the chairman and chief executive roles after a more than $6 billion trading loss last year raised questions about risk oversight.

8 comments:

Anonymous said...

See Brad deLong about that $6M loss. The London Whale.
http://delong.typepad.com/sdj/2013/05/the-washington-super-whale-hedge-fundies-the-federal-reserve-and-bernanke-hatred.html#more

Anonymous said...

Make that $6B.

Mr. 618 said...

Jamie's gonna quit if his duties are split? What, is he afraid of someone finding out how much he REALLY lost? As the Republicans said about the PATRIOT Act, "if you're not doing anything wrong, you've got nothing to worry about, right?"

pansypoo said...

does that mean a COMPENSATION cut?

Anonymous said...

Yeah, please hurry up and go Galt, you fucker.

Athenawise said...

Jamie will decamp for his yacht, his private golf course or one of his vacation homes ... or wherever a member of the 1% goes to sulk.

grouchomarxist said...

Six billion dollars. Wow. And just think how much money JPM would have lost if Dimon wasn't such a (as Obama put it) "savvy businessman"!

Montag said...

Hope the door hits him in the ass on the way out.

Hard.