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. At a meeting on April 8, Drew assured Dimon and the operating committee of JPMorgan that the trades were being well managed and would work out. Dimon likely would not have approved of the bets if he had known they were occurring.
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