JP Morgan Chase Smith Barney whatsis

[pioneer98]

Bloomberg: What Jamie Dimon doesn't know is plain scary

[Hungary Jack]

Serious question: Who here would want to run a large corporate bank?

Not me.

[cpebbles]

Make tens of millions per year regardless of whether you or anybody else at the bank is doing a good job, gamble with billions of dollars with no downside because the taxpayer will always be on the hook for losses you can't sustain, and the only downside is that people will occasionally accurately call you a leech on society? Sign me up.

[Freed Roger]

Serious question: Who here would want to run a large corporate bank?

Not me.

for $20.8 Million (Jamie Dimon's 2011 pay) - who wouldn't?

Yeah, you wouldn't know what the hell your doing, but you can get underlings that do know what they are doing. And you can hound them, harass them all day and night long to make sure they are doing their job. Or hire people to hound them and harass them on your behalf.

[AWvsCBsteeeerike3]

Serious question: Who here would want to run a large corporate bank?

Not me.

I'd do it in a heartbeat. And, not having a clue what I'm doing would probably make me a better CEO than a lot of them in that I wouldn't know how to be a lying, cheating bastard.

[longhornbaseball]

for $20.8 Million (Jamie Dimon's 2011 pay) - who wouldn't?

The truly brilliant guys who run their own hedge funds and make hundreds of millions per year.

[Hungary Jack]

Not many of us would turn down $20M, me included. But running a corporate bank would be a nerve-wracking pain in the ass. I'd do it for a year and then buy places in Santa Barbara and Aspen and retire.

[Freed Roger]

for $20.8 Million (Jamie Dimon's 2011 pay) - who wouldn't?

The truly brilliant guys who run their own hedge funds and make hundreds of millions per year.

When are we going to see the Longhorn Access Pyramid Limited Coast Future II LLC?
And how do I plow some money in?

And with regards to the pay of Jamie Dimon and his job. Guys like that probably were born without a conscience. I could manage to lose mine for a short while. He sounds like such the bullshet artist. A politician/ uber Type A. You don't need to be supersmart etc, just talk a good game and choose dumb audiences.

In my experience, most truly smart and talented people in any field are humble about their gifts. And they know their limits and deficiencies and find other people to help them compensate for that. Jamie Dimon and the likes of him don't strike me as that type. Yet, we put so much money, incentive and economic well-being into guys like him.

[AdmiralKird]

I wonder if JP Morgan's speculative divisions didn't short the overall financial sector in short-term options right before the release of this info knowing the media would catch on and drive up regulatory fears... Technically, that's not insider trading since it doesn't involve a single company. It would be an easy way to recover some of their losses.

[longhornbaseball]

When are we going to see the Longhorn Access Pyramid Limited Coast Future II LLC?
And how do I plow some money in?

A couple of guys from my graduating class started a hedge fund. They are very bright guys, but it was all I could do to keep from laughing when they told me one of their strategies was to invest in low cost Vanguard funds. Apparently they had $2.5 million in AUM. True story...