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Wasn't he doing the very opposite of grovelling to China with the original comment? It's American culture that is forcing him to apologize.
by axg11 5y ago
Wasn't he doing the very opposite of grovelling to China with the original comment? It's American culture that is forcing him to apologize.
- ren_engineer 5y agohe apologized because no doubt behind the scenes the CCP made it clear JPMorgan would face consequences with any Chinese investments if he didn't apologize
- axg11 5y agoDid you read the article? It pretty clearly states that the internal comms team raised a concern.
- Jeff_Brown 5y agoAt this point the CCP doesn't even have to (although it may have). Shareholders know, and they probably complained.