Parsad Posted May 21, 2012 Share 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 Link to comment Share on other sites More sharing options...
PlanMaestro Posted May 21, 2012 Share 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? Link to comment Share on other sites More sharing options...
Parsad Posted May 21, 2012 Author Share 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! Link to comment Share on other sites More sharing options...
txlaw Posted May 21, 2012 Share 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 Link to comment Share on other sites More sharing options...
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