Dimon's Arrogance Knows No Bounds
Jamie Dimon, the CEO of JPMorgan Chase (JPM), is smug, arrogant whiner. I don't know if he reads Real Money, but I really hope he sees this and wants to tangle with me, because I'm champing at the bit.
By all measure, Dimon should be in big-time hot water, or better yet, on trial. He blatantly violated Sarbanes-Oxley when he, as CEO, signed off on JPMorgan reports that basically swore that his bank's internal controls were up to snuff. Then, when the bank lost billions in a bungling speculative trade, which could have put the entire banking system in jeopardy -- again -- and possibly even resulted in taxpayers being called upon for another outrageous bailout, he said those internal controls were "not adequate."...397 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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