Lately it seems that Jamie Dimon, CEO of JPMorgan Chase, cannot catch a break.
Political and business commentator Sanjay Sanghoee writes in Bloomberg Businessweek that no sooner does one regulatory or legal problem get resolved than another one crops up.
Facing investigations by at least seven regulatory agencies, Dimon is personally negotiating a possible $11bn settlement with U.S. Attorney General Eric Holder to resolve a series of investigations tied to mortgage bonds.
It is difficult to tell how much of the bank’s problems stem from its own actions and how much from regulatory overreach, but one thing is certain: Jamie Dimon’s leadership has been put into serious question.
Regardless of what happens with JPMorgan, Dimon’s experience should serve as a cautionary tale to CEOs at all major companies......
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