Jamie Dimond and todays codswallop

[irisblue]

(FTR-I have wished the SEC & NYS AG staff had perped walked him in winter 2009)


Source-https://www.cnbc.com/2019/08/19/the-ceos-of-nearly-two-hundred-companies-say-shareholder-value-is-no-longer-their-main-objective.html


Snip-"The re-imagined idea of a corporation drops the age-old notion that corporations function first and foremost to serve their shareholders and maximize profits.

Investing in employees, delivering value to customers, dealing ethically with suppliers and supporting outside communities are now at the forefront of American business goals."



Snip-"Major employers are investing in their workers and communities because they know it is the only way to be successful over the long term. These modernized principles reflect the business community's unwavering commitment to continue to push for an economy that serves all Americans," said Dimon."

More at article


I'm not believing this from them. However it appears some Senators are making a few of them nervous. 😉

[FakeNoose]

1. Rec and 2nd the perp walk

It never happened but it should have!

[irisblue]

3. He was here in C-bus for a long time.

Didn't like him in the early '00s, loathed him later.

[BSdetect]

2. A lot of glib talk rolls easily off these highly paid people

[spooky3]

4. Let's see what they actually DO. Nt

[Backseat Driver]

5. Yup, Jamie's JP Morgan-Chase invested in

their employees alright, their Chinese employees, the kids of rich clients, no less, but did settle when they got caught though without a guilty plea or even remorse. Also invested in plenty of foreign H1B's because they can't find (though they can find me to fine-tune my non-existant credit card accounts?) and won't stand behind American workers who listen to large departments all chattering away in their foreign tongue while the single American brings them up to speed on the legacy system being tweaked. So many intra-corporate reorganizing to do, Jamie??? What to do, Jamie, when preferred recruiters are bribing/blackmailing middle-managers hiring decisions: freeze all activity on your advertised career opportunities??? Why, the thoroughly modern Jamie now even likes cryptocurrencies now that he's learned how to hide what passes for real American green stuff and manipulate those currencies markets, LOL! Ahhh...such untapped potential.

https://www.forbes.com/sites/antoinegara/2016/11/17/jpmorgan-agrees-to-pay-264-million-fine-for-sons-and-daughters-hiring-program-in-china/

The list of their not-copacetic white-collar activities goes way back. Just never you mind the damage done so shareholders would thrive way better than their lowly customers.

https://www.thedailybeast.com/jp-morgan-chases-long-list-of-expensive-legal-settlements-grows-even-longer

Why just yesterday, he called me personally with a recorded message on how I could reduce interest rates on my credit cards - so funny - I don't have any! By golly, sure enough, the attitude toward accountholders has really changed, LOL! Robo-calls, Jamie, really?

[Me.]

6. Billionaire Brunello Cucinelli

Saw this on CBS Sunday...he makes very expensive, luxurious clothing, primarily cashmere sweaters. So what does this billionaire do with his money? First, he is restoring his hometown bit by bit. Then there are his well-paid workers...not one of them ever works beyond 5:30pm, at noon everyone stops work and goes to a 90 minute lunch where they are served a proper meal. And he's still a billionaire. Not a trillionaire like the Waltons but he is a very happy man.


http://www.brunellocucinelli.com/en/