Jamie Dimon Slaps The Public And Smiles
"For lack of a better word, greed is good." Jamie Dimon has done some shady things as the head of JPMorgan Chase & Co. (NYSE:JPM). While JPMorgan has been fined left and right with investigations galore, apparently it matters little. Remember, if you can make $5 billion and get fined $1 billion, it is still a great trade in the realm of publicly traded companies. No ethics needed in this arena. Dimon is getting the last laugh for now as JPMorgan has just crossed through the 52 week high of $51.00. The stock is trading at $51.09, +0.86 (1.71%). Three cheers for slapping the public with a very large stick...
There is talk about removing him as the board of directors chair at JPMorgan Chase. The stock hitting new 52 week highs has just locked in his tenure. Cheers!