Comments on: What happened to Ina Drew’s clawback? http://blogs.reuters.com/felix-salmon/2012/06/29/what-happened-to-ina-drews-clawback/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: coupondekho site reviewdiscount coupons http://blogs.reuters.com/felix-salmon/2012/06/29/what-happened-to-ina-drews-clawback/comment-page-1/#comment-55673 Mon, 20 Oct 2014 02:17:26 +0000 http://blogs.reuters.com/felix-salmon/?p=15635#comment-55673 You adventure identified this blog to be very effective and useful. Continue the best perform and submitting the relevant equipment

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By: MrRFox http://blogs.reuters.com/felix-salmon/2012/06/29/what-happened-to-ina-drews-clawback/comment-page-1/#comment-40988 Sun, 01 Jul 2012 10:00:59 +0000 http://blogs.reuters.com/felix-salmon/?p=15635#comment-40988 Perhaps you are right about that, Ken. IDK, but I do K that, from what is reported, Drew did a better job than JD of diagnosing the risks in the transaction at issue. As between the two, she’s got less to answer for than he does, IMO.

And yes, quite – I’d be happy to slip a rope around all of their necks.

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By: KenG_CA http://blogs.reuters.com/felix-salmon/2012/06/29/what-happened-to-ina-drews-clawback/comment-page-1/#comment-40987 Sun, 01 Jul 2012 08:46:00 +0000 http://blogs.reuters.com/felix-salmon/?p=15635#comment-40987 MrFox, Drew is a gambler and has no business running a bank. She can run a hedge fund, where she gambles with other people’s money, but not a bank where she gambles with everybody else’s money. I don’t know that she’s any less responsible than Dimon or anyone else at JPM, but I don’t see anybody really qualified to run a bank.

I’m surprised to see you assuming her innocence; I got the feeling you wanted to send them all to prison.

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By: MrRFox http://blogs.reuters.com/felix-salmon/2012/06/29/what-happened-to-ina-drews-clawback/comment-page-1/#comment-40986 Sun, 01 Jul 2012 08:25:06 +0000 http://blogs.reuters.com/felix-salmon/?p=15635#comment-40986 My apologies for misunderstanding, 5thD.

If JD covers Drew’s $20Mil severance with a cut in his pay, he’s going to have to work for free for like 2 years. And if he covers that because he, not she, was the instigator of the loss, should he cover some or all of that $9Bil the company lost too? More to the point – if Drew et.al. saw the risk and tried to dump the position but JD overruled that – perhaps Drew would be a better CEO-choice going forward than JD? (Wonder if JD’s ever thought of it those terms?)

Best I can see, this was a really bad trade that went really bad-bad – but it doesn’t seem to have been illegal as such; though maybe …. IMO all the present problems with the law come from what was done to try to sweep the facts under the rug – just like at WalMart and for Martha Stewart and so many others – vanity comes at a high price. Matter of fact, as best I can figure it, a $9Bil hit would come to like double the entire total profit of the London Cowboys since JD set-up that operation. (Drew as a CEO looks better and better in comparison all the time, doesn’t she?)

Bet none of this comes as a surprise to Sandy Weill, who recognized JD’s character flaws without the need to see them fully acted-out IRL, and to such great distress, when he dumped JD from Citi. Weill’s a pretty smart guy – always has been.

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By: FifthDecade http://blogs.reuters.com/felix-salmon/2012/06/29/what-happened-to-ina-drews-clawback/comment-page-1/#comment-40946 Sat, 30 Jun 2012 19:19:56 +0000 http://blogs.reuters.com/felix-salmon/?p=15635#comment-40946 @Fox, If it reads that I suggested JD pay the severance, that isn’t what I meant; I was saying that if Drew was following orders, she should keep her bonus but he should lose his. If what she was told to do was illegal, he should carry the can ie resign; he certainly shouldn’t be immune.

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By: MrRFox http://blogs.reuters.com/felix-salmon/2012/06/29/what-happened-to-ina-drews-clawback/comment-page-1/#comment-40936 Sat, 30 Jun 2012 13:07:27 +0000 http://blogs.reuters.com/felix-salmon/?p=15635#comment-40936 “All of this is moot if charges are brought though – how far would Drew’s loyalty to her boss go then?” (5thD)

Depends on who her lawyer is, and whether he views JPM’s/JD’s interests as more important than hers. (Don’t shake your heads – happens.) JPM is going to try to get her to select counsel friendly to it. She has to avoid anyone recommended by JPM or otherwise even remotely involved with it or its lawyers, and find someone who will be working for her only. Not so easy as it seems – JPM will be picking up the bill, so she will feel an inclination/responsibility to go with someone JPM’s GC nominates. Don’t do that, Drew.

As you say, 5thD, it would be a class act if JD picked up the cost of Drew’s severance; it would also be an admission that it was “hush money”. Can’t go that route.

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By: Silk32 http://blogs.reuters.com/felix-salmon/2012/06/29/what-happened-to-ina-drews-clawback/comment-page-1/#comment-40932 Sat, 30 Jun 2012 12:27:41 +0000 http://blogs.reuters.com/felix-salmon/?p=15635#comment-40932 JP Morgan – From predator to Wall Street Prey seekingalpha.com/a/ev5v

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By: MrRFox http://blogs.reuters.com/felix-salmon/2012/06/29/what-happened-to-ina-drews-clawback/comment-page-1/#comment-40931 Sat, 30 Jun 2012 12:27:29 +0000 http://blogs.reuters.com/felix-salmon/?p=15635#comment-40931 “All of this is moot if charges are brought though – how far would Drew’s loyalty to her boss go then?” (5thD)

Depends on who her lawyer is, and whether he views JPM’s/JD’s interests as more important than hers. (Don’t shake your heads – this is life in the arena.) JPM is going to try to get her to select counsel friendly to it. She has to avoid anyone recommended by the JPM or otherwise even remotely involved with it, and find someone who is working for her only. Not so easy as it sounds – JPM will picking up the bill, so she will feel a natural inclination/responsibility to go with someone JPM’s GC nominates. Don’t do that, Drew.

As you say, 5thD, it would a class act if JD picked up the cost of Drew’s severance; it would also be an admission that it was “hush money”. Can’t go that route.

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