Oh, please, hackers, have a crack at JP Morgan Chase and give up all the dirt. It has to be delicious.
February 5, 2013 5:00am
JPMorgan CEO Jamie Dimon’s diatribes against his fellow bankers are taking on biblical proportions. (Bloomberg)
Bank boss Jamie Dimon is done with doing penance.
When it comes to his bank rivals, however, they still have a lot to atone for.
Fresh from taking his lashes over the London Whale trading debacle, the JPMorgan Chase chieftain yesterday was arguing for Old Testament-style justice for his misbehaving peers while striking humorous notes about his own bank’s flubs.
“I want to call it ‘bankruptcy for big dumb banks.’ There should be some form of Old Testament justice including clawback [compensation],” said Dimon in front of the Greater Miami Chamber of Commerce.
Onlookers would hardly have guessed that the 56-year-old Wall Street titan had his own pay slashed by 50 percent, to $11.5 million, just a couple of weeks ago as punishment for the lax management that led to the whopping $6.2 billion loss.