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. As the second week of May began, Dimon realized, "The last thing I told the market — that it was a tempest in a teapot — was dead wrong," the Journal reports. As it turns out, this type of failure is quite common.
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