, Columnist
JPMorgan's Mistake Was Not Hiring Chinese Princelings Fast Enough
Basically JPMorgan had a program, unfortunately named "Sons and Daughters," that was designed to prevent it from illegally hiring sons and daughters of Chinese officials in order to win business.
If you're going to do naughty stuff I guess there are about two ways to proceed, which are:
The advantages of approach No. 1 are obvious, principally from a business perspective: The naughty thing presumably makes you money,1 and this way you get to do more of it faster.
