How Could I Miss That? Jamie Dimon on the Hot Seat
Harvard Business Review
JUNE 13, 2012
In 2011, the company dropped its requirement to exit investment positions when losses exceeded $20 million. To understand Dimon's blindness, let's look at a quick history of the trading debacle. In 2005, Dimon hired Ina Drew to head the company's Chief Investment Office, the unit responsible for the bank's risk exposure.
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