TITLE

Dimon: JPMorgan Won't Poach From Citi, BofA

AUTHOR(S)
Monks, Matt
PUB. DATE
November 2009
SOURCE
High Yield Report;11/2/2009, Vol. 20 Issue 44, p9
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the declaration of Jamie Dimon, head of JPMorgan Chase, that the company will not take advantage of the weakness of Citigroup and Bank of America by recruiting talents from both companies. Dimon noted that he will not use pay restrictions at bailed-out lenders as an excuse to recruit top executives. At a Securities Industry and Financial Markets Association conference, Dimon noted that the financial crisis was due to a number of factors such as the excessive use of leverage throughout the financial sector and trade deficit.
ACCESSION #
45124506

 

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