Why Some CEOs Survive Wall Street Scandals
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Sept. 10 (Bloomberg) -- Why do some Wall Street executivesget to keep their jobs as scandals shake their firms, whileothers get the ax?
Bob Diamond, the chief executive officer of Barclays Plc,was fired a few days after his bank paid $453 million to settlecharges with U.S. and U.K. regulators about its role in theLibor scandal. Yet Jamie Dimon, the chairman and CEO of JPMorganChase & Co., seems to have plenty of job security after tradersat his bank unexpectedly lost $6 billion (and counting)?