Parsad Posted May 21, 2012 Posted May 21, 2012 What was Dimon thinking hiring this guy? Gets worse and worse...unbelievable! Cheers! http://www.bloomberg.com/news/2012-05-20/jpmorgan-cio-risk-overseer-said-to-have-record-of-trading-losses.html
PlanMaestro Posted May 21, 2012 Posted May 21, 2012 What was Dimon thinking hiring this guy? Gets worse and worse...unbelievable! Cheers! http://www.bloomberg.com/news/2012-05-20/jpmorgan-cio-risk-overseer-said-to-have-record-of-trading-losses.html Was not him but Ina Drew that hired Irvin Goldman. All the reports show that she was given a long leash because of her long history of performance with Jp Morgan and Chemical (around 30 years). Jamie's was a mistake, but a different kind of mistake that anyone that has worked in a large organization can relate. There are still many questions unresolved: - Why the automatic risk stop loses were deactivated by Irvin Goldman? - Why Achilles Macris changed the VAR methodology and did it have anything to with the trade? - Did Jamie Dimon know about all these?
Parsad Posted May 21, 2012 Author Posted May 21, 2012 What was Dimon thinking hiring this guy? Gets worse and worse...unbelievable! Cheers! http://www.bloomberg.com/news/2012-05-20/jpmorgan-cio-risk-overseer-said-to-have-record-of-trading-losses.html Was not him but Ina Drew that hired Irvin Goldman. All the reports show that she was given a long leash because of her long history of performance with Jp Morgan and Chemical (around 30 years). Jamie's was a mistake, but a different kind of mistake that anyone that has worked in a large organization can relate. There are still many questions unresolved: - Why the automatic risk stop loses were deactivated by Irvin Goldman? - Why Achilles Macris changed the VAR methodology and did it have anything to with the trade? - Did Jamie Dimon know about all these? Ah, that explains the hiring. Thanks! Cheers!
txlaw Posted May 21, 2012 Posted May 21, 2012 Moynihan on JPM and Dimon: http://www.bloomberg.com/news/2012-05-21/bofa-chief-says-dimon-will-do-what-s-needed-to-cap-losses.html
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