Just when you thought you’ve seen or heard everything, along comes this.
| "The three directors who oversee risk at JPMorgan Chase & Co. (JPM) include a museum head who sat on American International Group Inc.’s governance committee in 2008, the grandson of a billionaire and the chief executive officer of a company that makes flight controls and work boots." |
Proving once again that these guys (and gals), with their haughty, arrogant, attitudes, know nothing. It’s all just one, big, good ol’ boys network.
By the way, who did Dimon replace his risk unit head with? The guy who ran Long Term Capital Management, which…uh…also blew up.
Do I seem pissed?
It's understandable. That museum has an exhibit specifically on quid pro quo. In fact, the people who run it are worlds-best experts on the topic.
ReplyDeleteAnd they're used to dealing with stuffed reptiles.
ReplyDeleteMike,
ReplyDeleteIt's like Bloomberg's Baum being a Theatre major....
He must have been hard at work conserving a lot of old frauds.
ReplyDeleteFits well with William Black's observations about accounting control fraud. It's the CEO or CFO who corrupts, bullies, threatens or bamboozles firm members to better commit his/her fraud. @economicsnz
ReplyDelete