It’s great to have a job where even if you seriously screw up, you still make plenty of dough. Via RT:
Ina Drew helped make bank for JPMorgan Chase as the firm’s chief investment officer — until a blunder on her part cost the company roughly $2 billion. Drew resigned as CIO on Monday, but that’s not to say she is stepping down with nothing to show.
Despite being responsible for an in-house trading loss that totaled as much as $2.3 billion in losses for JPMorgan Chase, Drew stands to walk away from the Wall Street firm with a payout that could bring her as much as $15 million.
Drew’s departure from JPMorgan Chase was publicized early Monday, only days after she was named in a major economic goof-up that garnered criticism directed towards one of Wall Street’s most iconic institutions.
The bank is still slated to hold its annual shareholders meeting on Tuesday this week, with a new CIO already stepping up to the plate. Matthew E. Zames of both JPMorgan’s global fixed income group and mortgage division has already been named as a replacement for Ms. Drew…
Read More: RT