4 ms·
These giant losses may be by design, or at least allowed to happen. It'll be interesting to see how fat Dimon's bonus is, for successfully exiting this money-lo
by genwin 14y ago
These giant losses may be by design, or at least allowed to happen. It'll be interesting to see how fat Dimon's bonus is, for successfully exiting this money-losing trade. It used to be good to be king, now it's better to be "too big to fail".
- mkramlich 14y agoIIRC about a week after it was first announced there could be a $2B trading loss at his bank, Dimon went to the Board of Directors and was granted a $23M compensation package. There's a saying about pizza and sex. When they're good, they're really really good. But when they're bad -- they're still pretty good! Banking: when they do well, they do really really well. But when they do bad -- they still do pretty good!