Now that JPMorgan is opening an operations center in Poland with thousands of jobs being "created" there, when do you think we will hear of the next round of "completely unrelated" layoffs? Or do you think they will just continue doing what they have been doing for years now, laying off people continuously but in small numbers until they reach the wanted total without the bad PR associated with it?
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JPMorgan shares rose more than 40 percent the last 12 months, more than the 33 percent gain for the Financial Select SPDR, as CEO Jamie Dimon guided the bank through a difficult trading environment on Wall Street and got rewarded by the board of directors, Bank shares have perked up again recently as the Fed indicated a December hike was likely and traders bet the move would boost both short term and long term rates, making the industry's lending portfolios more profitable. But the downturn is here, by next year you will see what I am talking about, indeed he is grossly overpaid like many other CEOs
Lots and very quietly, bonus check is going to be great for directors and VPs