JPM Pads Drew’s Retirement With $21.5M in Stock

June 29 (Bloomberg) -- Bloomberg's Dawn Kopecki reports that JPMorgan Chase & Co.’s decision to let Chief Investment Officer Ina Drew retire four days after the bank disclosed a $2 billion loss in her division allowed her to walk away with about $21.5 million in stock and options. She speaks on Bloomberg Television's "Market Makers."

Yahoo to Sell Web Business to Verizon for $4.8 Billion
43:54 - Yahoo! Inc. has reached a $4.8 billion agreement with Verizon Communications for its main web business in an all-cash deal that excludes Yahoo's stakes in Yahoo Japan Corp. and Alibaba Group Holding. Bloomberg's Alex Sherman has the details on "Bloomberg ‹GO›." (Source: Bloomberg)
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