Economy is picking up , well maybe not as much as we first thought. could be its too fragile or then again exports are doing well oh maybe not so well. House prices are overheating....umm maybe not or then again maybe they are ........interest rates will start to rise when the unemployment level hits 7%. or was it when inflation falls to 2%? ..well one or the other, oh changed our mind interest rates might rise this year....or next....well at sometime . Finally if you want forward planning that lasts more than two minutes ...don't ask us were just paid big salaries to run the place.
Ex-Lloyds Chairman Sir Winfried Bischoff has secured the Chairmanship of JPMorgan Securities, the bank’s main European holding company. JPMorgan is run from New York by group Chairman and Chief Executive Jamie Dimon.
So this sounds like a job where glad handing and door opening will feature move heavily than scrutinising Executives. At Lloyds Sir Win coped with Antonio Horta-Osorio taking time off for stress.
The old Schroders hand told reporters he would resign if the Chief Executive, who he had chosen, could not return to work. That showed personal accountability, or “character” as it was once called. Perhaps some of that old-fashioned virtue will rub off on Mr Dimon, on whose watch JPMorgan has paid tens of billions in fines. Perhaps not.
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