Tag Archives | JPMorgan

Media Comment On JPMorgan’s Whale Report

By Sonja Ryst, Research Analyst JPMorgan Chase (JPM) released a 132-page report on Jan. 16 that detailed the “London Whale” story surrounding a $2 billion investment fiasco. On the same day the New York financial services firm said its board approved compensating CEO Jamie Dimon $11.5 million for his work in 2012, or around half as much […]

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Several JPMorgan Directors Long Serving and Well Paid

By Sonja Ryst, Research Analyst Several directors who are reportedly reviewing federal orders that JPMorgan Chase (JPM) fix its risk management have supervised the New York financial services firm’s CEO Jamie Dimon for many years. They also earned as much compensation in exchange for their services as some bank employees do. The U.S. Federal Reserve […]

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It is time for real bank clawbacks

By Paul Hodgson – Chief Research Analyst An edited version of this op-ed appeared on Bloomberg View on October 3, 2012 and this version appeared today on my blog on Forbes.com It was announced in the FT today that the Financial Services Authority expects banks to reduce or clawback bonuses in British banks and non-U.K. […]

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JPMorgan and Citigroup to “rethink” Executive Compensation

By Greg Ruel – Senior Research Associate According to the Wall Street Journal, banking giant JPMorgan Chase & Co. (JPM) is considering bonus cuts for senior managers, including CEO Jamie Dimon. Though details are few, JPM’s board is expected to slash executive bonuses in an about face on executive compensation following an estimated $5.8 billion […]

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Barclays’ CEO Bob Diamond Resigns

By Paul Hodgson – CCO and Senior Research Associate Barclays’ CEO Bob Diamond has followed the lead of independent chairman Marcus Agius and announced his resignation today, though according to press reports he has done so under protest and with less altruism than Mr. Agius. Interestingly, Mr. Agius is leading the search for a replacement […]

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Small Print

By Paul Hodgson – CCO and Senior Research Associate Dimon in the Rough, Part 2 Events Team Leader Mark Magee and Compensation Analyst Ashley Kotzur found these quotations for the second edition of Dimon in the Rough here and here from first day of testimony on June 13th. “While this does not reduce the losses […]

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May 23, 2012: Litigation Bulletin

May 23, 2012:  Litigation Bulletin – JPMorgan Chase & Co. (NYSE:JPM)

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Small Print

By Paul Hodgson – CCO and Senior Research Associate Dimon in the Rough From Events Team Leader Mark Magee: a selection of quotations from “that conference call” with JPMorgan’s CEO Jamie Dimon regarding that $2 billion loss, and counting. “We’re willing to bear volatility, and um, that’s life.” “Just because we’re stupid doesn’t mean everybody […]

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GMI Ratings Governance Issue | JPMorgan Chase & Co.

JPMorgan Chase & Co.’s CEO Jamie Dimon told the market on Thursday that a hedging strategy failure lost the New York financial services firm more than $2 billion. Now investors sold the stock on Friday, despite years of warning signs that the company’s managers can be reckless. The shocker: intelligent people make mistakes. “We have […]

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He’s Just a Dimon in the Rough

By Paul Hodgson – CCO and Senior Research Associate Michael Brush writes about Jamie Dimon’s attack on the newspaper industry and its overpaid journalists, and nominates Mr. Dimon as his newest one percenter. It is certainly the first time I’ve ever read about a CEO defending his pay by attacking journalists as being overpaid. It […]

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Clawing Back Wall Street Pay

By Paul Hodgson – CCO and Senior Research Associate It is comforting that the New York City Comptroller is calling for tougher clawbacks to be applied to Wall Street pay. The Press Release gives a great deal of detail about the resolutions that have been filed at Goldman Sachs, JPMorgan and Morgan Stanley, including the […]

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OWS Protesters Target Big Bank CEOs, Security Perks Put to Use

By Greg Ruel, Research Associate JPMorgan Chase & Co. CEO James Dimon received $17k in security costs in 2010. The security figure represented a diminutive portion of his nearly $600k in perks for the year, though he could be looking to beef up security soon after being approached by Occupy Seattle protesters Wednesday afternoon. According […]

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