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Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!

 
Anonymous Coward (OP)
User ID: 12999377
United States
05/13/2012 05:19 PM
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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
Keep in mind that usually the people who are cut EARLY are for a reason... maybe they struck a deal with Dimon to keep their mouths shut (with a nice severance) when the tanking happens.....
Anonymous Coward
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05/13/2012 05:23 PM
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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
:whogivesafuck:
 Quoting: SupremaZAZZ


stfu
 Quoting: ***ClappaGuy***


whatever asshole
Anonymous Coward
User ID: 8397139
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05/13/2012 05:23 PM
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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
Keep in mind that usually the people who are cut EARLY are for a reason... maybe they struck a deal with Dimon to keep their mouths shut (with a nice severance) when the tanking happens.....
 Quoting: ***ClappaGuy***


Dude, these three executives were in all probability FIRED. "Resigned" is a parachute term for high dollar white collar executives.

Common sense would tell you that Dimon would make heads roll over all of this.
Anonymous Coward
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05/13/2012 05:24 PM
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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
These are just fall guys. JP Morgan will be fine.
Anonymous Coward (OP)
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05/13/2012 05:32 PM
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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
Keep in mind that usually the people who are cut EARLY are for a reason... maybe they struck a deal with Dimon to keep their mouths shut (with a nice severance) when the tanking happens.....
 Quoting: ***ClappaGuy***


Dude, these three executives were in all probability FIRED. "Resigned" is a parachute term for high dollar white collar executives.

Common sense would tell you that Dimon would make heads roll over all of this.
 Quoting: Anonymous Coward 8397139


Dude, do you really think Dimon had no idea what is going on? These guys are just bailing ship
Jack HammerModerator
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05/13/2012 05:32 PM

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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
Golden parachutes!!!
Any sufficiently advanced technology is indistinguishable from magic. ~Arthur C. Clarke

Don't go around saying the world owes you a living. The world owes you nothing. It was here first. ~Mark Twain

He's a nut-bag! Just because the fucker's got a library card doesn't make him Yoda ~David Mills ~ Se7en!

every-citizen
Anonymous Coward
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05/13/2012 05:34 PM
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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
Watch the major airports and harbors for a sudden exodus of executive jets and luxury yachts.
Anonymous Coward
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05/13/2012 05:38 PM
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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
Keep in mind that usually the people who are cut EARLY are for a reason... maybe they struck a deal with Dimon to keep their mouths shut (with a nice severance) when the tanking happens.....
 Quoting: ***ClappaGuy***


Dude, these three executives were in all probability FIRED. "Resigned" is a parachute term for high dollar white collar executives.

Common sense would tell you that Dimon would make heads roll over all of this.
 Quoting: Anonymous Coward 8397139


Dude, do you really think Dimon had no idea what is going on? These guys are just bailing ship
 Quoting: ***ClappaGuy***


Dude, have you ever held a job in Corporate America?

These aren't "rats leaving a sinking ship," hoss. These folks were F I R E D.

/thread
Anonymous Coward
User ID: 10431499
United States
05/13/2012 05:38 PM
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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
so if morgan lost $2-4.2b who gained that amount?
 Quoting: Anonymous Coward 12967179


It is my understanding that the trade is still ON, the position is moving against them and they can't unwind it. When are they gonna start talking about that?
 Quoting: ***ClappaGuy***


Source?
Isis One

User ID: 14343270
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05/13/2012 05:44 PM

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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
Ina Drew, 54, is considered one of the most powerful women on Wall Street and has been at the head of JP Morgan Chase's London-based Chief Investment Office since February 2005.

Regarded as a key lieutenant of chief executive Jamie Dimon, she was effectively in charge of Bruno Michel Iksil, the Frenchman nicknamed 'Voldemort' and 'the London Whale'.

She received a cash bonus of $4.7m, a share award of $7.1m, options worth $1.5 million and a base salary of $750,000, according to regulatory filings by the bank."
 Quoting: ***ClappaGuy***


So take that and triple it....at least.
Spread the word, change the collective conscious......
THERE IS MORE THAN ENOUGH OF EVERYTHING TO GO AROUND

When you are undisciplined, the universe is extremely forgiving and when you are disciplined, the universe is extremely generous. Me
Anonymous Coward (OP)
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05/13/2012 05:44 PM
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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
Keep in mind that usually the people who are cut EARLY are for a reason... maybe they struck a deal with Dimon to keep their mouths shut (with a nice severance) when the tanking happens.....
 Quoting: ***ClappaGuy***


Dude, these three executives were in all probability FIRED. "Resigned" is a parachute term for high dollar white collar executives.

Common sense would tell you that Dimon would make heads roll over all of this.
 Quoting: Anonymous Coward 8397139


Dude, do you really think Dimon had no idea what is going on? These guys are just bailing ship
 Quoting: ***ClappaGuy***


Dude, have you ever held a job in Corporate America?

These aren't "rats leaving a sinking ship," hoss. These folks were F I R E D.

/thread
 Quoting: Anonymous Coward 8397139


putin I don't have time to waste on your ignorant self.
Isis One

User ID: 14343270
United States
05/13/2012 05:49 PM

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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
Thanks guys.....for raping our public! Come again!
 Quoting: Anonymous Coward 7570671


Really ^ how much did it cost their clients??????? Thats irrelevant thought right? Thats what clients are there for....to pilage from, what a jacked industry, their collective karma is one giant black hole that they will likely never escape from, hope it was worth it folks. See ya!

Last Edited by Isis One on 05/13/2012 05:50 PM
Spread the word, change the collective conscious......
THERE IS MORE THAN ENOUGH OF EVERYTHING TO GO AROUND

When you are undisciplined, the universe is extremely forgiving and when you are disciplined, the universe is extremely generous. Me
Anonymous Coward
User ID: 15464787
05/13/2012 05:53 PM
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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
""
Na, it's a common practice, Banks of that caliber do NOT accept loses. This is normal
""

Let me rephrase that for you...

Na, it's Standard Operating Procedure. Thieves stealing large sums of money are usually covered up and concealed with "Creative Book-keeping", when the cover-up becomes untenable, the thieves are given substantial separation packages, bonuses, and vacations. They will change their names and return in a couple of years with a whole new manufactured identity.

I think that sort of fixes it for you?
Anonymous Coward
User ID: 11581280
United States
05/13/2012 05:55 PM
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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
But, but but - THEY ARE TOO BIG TO FAIL !!!!!! (throwing wads of cash at them)
))BAPHOMET((

User ID: 11179483
United Kingdom
05/13/2012 06:06 PM
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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
Crap, I should pull my money out of Chase.

And they are leaving w/their golden parachutes, how nice.
 Quoting: Anonymous Coward 14771097


Canned food and shot guns would be my investment tip.
If normality is the measure of how well adjusted one is to a profoundly sick society,
then i dont ever want to be normal.
Anonymous Coward (OP)
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05/13/2012 06:07 PM
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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
But, but but - THEY ARE TOO BIG TO FAIL !!!!!! (throwing wads of cash at them)
 Quoting: Anonymous Coward 11581280


ohyeah
Anonymous Coward
User ID: 15981627
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05/13/2012 06:09 PM
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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
Don't forget about this....

Problem is bigger than anyone probably knows.

Thread: 21 Billion Dollar JPM Derivatives Default - Counterparty? WATCH MONDAY'S MAY 14TH'S FIREWORKS.
Anonymous Coward (OP)
User ID: 12999377
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05/13/2012 06:13 PM
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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
Don't forget about this....

Problem is bigger than anyone probably knows.

Thread: 21 Billion Dollar JPM Derivatives Default - Counterparty? WATCH MONDAY'S MAY 14TH'S FIREWORKS.
 Quoting: Anonymous Coward 15981627


Thanks reading now
stefanos
User ID: 14185563
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05/13/2012 06:14 PM
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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
Something really stinks in the ivory tower.
pool
Netizen Ribbonmind

User ID: 1534158
United States
05/13/2012 06:15 PM

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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
Poor communication is common today. They'll start their own gang of thieves.
"The earth is mother of us all, for she is just; but you, because you are unjust have pretended that she is your mother alone; and if you do not stop, I will not permit you to remain upon her."

[link to www.livius.org]
Anonymous Coward
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Portugal
05/13/2012 06:16 PM
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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
Futures are fine,no doom

[link to www.sgxniftydowfutureslive.com]

1 star bsflag
Anonymous Coward
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United States
05/13/2012 06:18 PM
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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
Anonymous Coward
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Germany
05/13/2012 06:19 PM
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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
:whogivesafuck:
 Quoting: SupremaZAZZ


clappa

cruise
Anonymous Coward (OP)
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United States
05/13/2012 06:19 PM
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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
Futures are fine,no doom

[link to www.sgxniftydowfutureslive.com]

1 star bsflag
 Quoting: Anonymous Coward 1247261


putin putin
Anonymous Coward
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05/13/2012 06:23 PM
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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
Na, it's a common practice, Banks of that caliber do NOT accept loses. This is normal
 Quoting: Tanarus


It can be seen in different perspectives. In this case I think they are just bailing from bigger disaster....
 Quoting: ***ClappaGuy***


^^^^^^^^^^^^^^^THIS^^^^^^^^^^^^^^^^^^^
Phase-Sphere

User ID: 16007773
United States
05/13/2012 06:28 PM

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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
May this follow them into eternity.


KarmaPolice
What happened to my beloved GLP????.
Beherenow

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05/13/2012 06:31 PM
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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
Na, it's a common practice, Banks of that caliber do NOT accept loses. This is normal
 Quoting: Tanarus


It can be seen in different perspectives. In this case I think they are just bailing from bigger disaster....
 Quoting: ***ClappaGuy***


I can understand why you would think that; however, you are wrong. Having worked in risk management before, I understand what steps are taken when an orgs risk tolerance model is broken (or not followed) and the first thing is to have the RM Manager/Director/VP out of that position. They may call it different things, "following new career options", but they are really fired.

Think of it this way - you have one job, and that job is to check the quality of chairs before they leave your company. If you suddenly allow defective chairs to get out, costing your company billions of dollars, would you be still employed checking the quality of chairs or would there be someone else in our position?
Anonymous Coward
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05/13/2012 06:33 PM
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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
They just gonna unload their stock before it is worth zilch.

If they did it while they were still there, they'd probably run afoul of insider trading laws, not that you see many being prosecuted for it.

They're worth more unemployed if they can unload the stock in time.

Dimon prolly got so much cash salted away unrecorded, he don't give a shit. He's a limelight moth to a flame without much to lose.
GreyMatter

User ID: 15728761
United States
05/13/2012 06:38 PM

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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
I imagine those poor execs are gonna have to sign up for food stamps and live in some relatives basement. I hope those hapless creatures at least get an old TV to watch MSM on.
I'm sure they will be diligent in their job search and cheerfully take on any menial min wage job offered too them. It ain't easy but I know these people of character and dignity will flawlessly perform in their new lifestyle.
Anonymous Coward
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05/13/2012 06:44 PM
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Re: Breaking News: THREE TOP EXECS LEAVING JP MORGAN!!!
I watched a short clip by Warren Pollack who used to be a vice president for a Walstreet firm. He says the rumors of bankruptcy lawyers headed for Walstreet over this JPM thing are true. Sounds like he'll soon make a video about it soon. Stay tuned....