2.0
Jul 6, 2009
Recommend
CEO approval
Business Outlook
Pros
Fortunately for JPMorgan Chase it possess a great name and it has a very astute, knowledgeable and extremely competent CEO.
Cons
The ethics required of its employees do not seem to apply to compensation promises made by management to these very employees nor to standards required by the employees in dealing with the public. Products and services are structured to maximize profits for the bank and ensuring highest compensation for top management at the expense of the bank's clients and its vast working staff. The causality and blame of the economic downturn has only increased the disparity between proper compensation for employees and obscene reward for the company's lords.