July 13, 2012, JP Morgan Chase & Co. announced a larger than expected loss for the quarter of $ 4.4 billion, of the posts in the main office investments (CIO), resulting in a net loss of $ 5.9 billion. A substantial risk to the IT director for the first time revealed on April 5, the company and its CEO, Jamie Dimon, was the source of scrutiny of regulators, legislators, the media, shareholders and analysts. The situation presents rare, but significant, inadvertently Dimon who successfully led Morgan through the financial crisis and was considered one of the best managers of the financial sector and risk managers. The company also revealed that it was converting the first quarter of 2012 results from the fact that he learned as he researched CIO loss. "Hide
by Clayton Rose Source: Harvard Business School 13 pages. Publication Date: Aug 06, 2012. Prod. #: 313033-PDF-ENG
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