By Pam Martens and Russ Martens | 4 November 2019
WALL STREET ON PARADE — Corporate America is increasingly sending conflicting messages to its top executives: engaging in relationships with subordinates, consensual or otherwise, will cost you your job – but criminal acts involving looting the public, not so much.
Steve Easterbrook, the CEO of the fast food chain, McDonald’s, was fired by his Board yesterday for engaging in a consensual relationship with an employee, in violation of company policy.
The Board of the largest bank in the United States, on the other hand, JPMorgan Chase, has not fired its Chairman and CEO, Jamie Dimon, despite the following occurring on his watch: $6.2 billion in losses from a high-risk gamble with derivatives in London in 2012 – using, mind you, the deposits of its federally-insured bank. […]