JPMorgan’s Teflon CEO Glides Past Reputation Hits
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April 4 (Bloomberg) -- JPMorgan Chase & Co. and its chiefexecutive officer, Jamie Dimon, have been dealing with a blitzof bad news of late, but you wouldn’t know it from the accoladesthat keep getting heaped on them.
There was the $6.2 billion trading loss best known as theLondon Whale debacle that Dimon dismissed as a “tempest in ateapot”; the humiliating hearing before Senator Carl Levin’sPermanent Subcommittee on Investigations, where we learned thatDimon had played a role in managing the wrong-way trades; and,to top it off, the New York Times on March 26 reported thateight federal agencies were circling the bank with variousprobes.