Haute 100 New York Update: JPMorgan Chase’s Jamie Dimon Meets the Press, Will Address Shareholders
Jamie Dimon, the C.E.O. of JPMorgan Chase, will likely face intense scrutiny at the firm’s annual shareholders meeting tomorrow as the fallout grows from a $2 billion trading loss it announced last week. Three top JPMorgan traders resigned today from the bank’s London office, where the complex credit derivatives bet was made. Among the ousted is chief investment officer Ina Drew, one of the most powerful women on Wall Street and, with 2011 compensation of around $14 million, JPMorgan’s fourth highest-paid officer.
Dubbed “America’s least-hated banker” in a 2010 New York Times Magazine profile that lauded his aversion to “foolish risks,” Dimon suddenly finds himself public enemy number one (at least this week), with Massachusetts Senate hopeful Elizabeth Warren and former New York attorney general Eliot Spitzer, himself no stranger to controversy, calling for his resignation.
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