Jamie Dimon calls the London Whale fiasco "the stupidest and most embarrassing situation I have...


Jamie Dimon calls the London Whale fiasco "the stupidest and most embarrassing situation I have ever been a part of," in his annual letter to shareholders, a far cry from calling the incident "a tempest in a teapot." It's all about damage control as Dimon seeks to avoid losing his chairmanship ahead of next month's shareholder meeting. 
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Comments (2)
  • nafar
    , contributor
    Comments (333) | Send Message
     
    I consider mistakes as blessings. It prevents even larger mistaken future if lesson is not learn from this happening. Let Dimon concentrate on work so that he can deliver much more profit to the shareholders and taxes to the Government. Board has already expressed their confidence and as such now there should be end to this drama.
    10 Apr 2013, 08:15 PM Reply Like
  • Invest For Freedom
    , contributor
    Comments (31) | Send Message
     
    Totally agree nafar. I know a 6 billion dollar loss is substantial but you live and learn and his overall track record speaks for itself.

     

    Long JPM
    10 Apr 2013, 09:59 PM Reply Like
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