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JP Morgan Risk Overseer Said To Have Trading Losses Record


Parsad
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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?

 

 

 

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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!

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