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I don't think being asked or even offering a resignation is enough after being involved in these types of high level criminal activity. Furthermore, more than likely they will just be recycled as an adviser into another firm, or end up in a low key governmental position.
The bank - the biggest in the United States by assets - is expected to accept the resignation of Ina Drew, its New York-based chief investment officer and one of its highest-paid executives, in the next few days, the sources said. Two of Drew's subordinates who were involved with the trades, London-based Achilles Macris and Javier Martin-Artajo, are expected to be asked to leave, they said.
Well isn't that just rich. Nonfactual huh? So the too big to fail taking taxpayer money isn't based on facts? Reuters
On Sunday, Dimon's bravado was badly burnished when the New York Times reported remarks he made recently at a dinner party in Dallas. Dimon called arguments about too-big-to-fail banks - arguments made by former Federal Reserve chief Paul Volcker and Richard Fisher, president of the Federal Reserve Bank of Dallas - "infantile" and "nonfactual," according to the Times.
Speaking on NBC's Meet the Press on Sunday, Mr Dimon said: "We made a terrible, egregious mistake. There's almost no excuse for it."
Originally posted by xuenchen
I wonder if they get severance packages ?
I can think of one or two. And they ain't financial either.
Perhaps those Muslims have it right.
They use the "severance" penalty in a different way