Market Morsels – Inconvenient Truth
JP Morgan kicked earnings season into high gear this morning.
JP Morgan kicked earnings season into high gear this morning.
“We replaced the management team responsible for the losses, we invoked comprehensive clawbacks of previously granted awards and/or repayment of previously vested awards for those with primary
responsibility (more than $100 million was recaptured), we reduced or eliminated compensation for a group of employees, and your Chief Executive Officer and Chief Financial Officer saw their
compensation reduced by the Board as a result of this embarrassing episode.” ~Jamie Dimon, CEO of JP Morgan