(This article was originally published at No Hesitations, and syndicated at StatsBlogs.)
I recently received an invitation to the JPMorgan Chase event below.
Reaction 1: JPMC should stick to its business, which is business, working to maximize the shareholder wealth with which it is entrusted, leaving to others (like me) the "provision of data-rich analyses and expert insights for promotion of the public good."
Reaction 1: JPMC should stick to its business, which is business, working to maximize the shareholder wealth with which it is entrusted, leaving to others (like me) the "provision of data-rich analyses and expert insights for promotion of the public good."
Reaction 2: JPMC is sticking to business, maximizing shareholder wealth, but not in appropriate ways. Seriously, is it just me, or does this absolutely reek of Wall Street financiers working to capture Pennsylvania Avenue regulators? (I love that the event is actually on Pennsylvania Avenue.) By the way, I was wondering what Tony Blair knows about "provision of data-rich analyses." I still have no idea, but a quick Googling of "Tony Blair JPMorgan Chase" reveals that he's now very prominently on the JPMC payroll.
The silver lining: After this blog, I doubt I'll ever again be invited.
Invite you to the launch of the JPMorgan Chase Institute – |
Discussion | A preview of the JPMorgan Chase Institute's consumer data asset and groundbreaking first research report on individual income and consumption volatility |
Speakers | Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co. Diana Farrell, Founding President and CEO of the JPMorgan Chase Institute Tony Blair, Quartet Representative and Former Prime Minister of Great Britain and Northern Ireland |
Panel | David Wessel, Senior Fellow at the Brookings Institution, Former Economics Editor at The Wall Street Journal Zoë Baird, CEO and President of the Markle Foundation Heather Boushey, Executive Director of Washington Center for Equitable Growth Robert Groves, Provost of Georgetown University, Former Director of US Census Bureau |
Location | The Newseum Knight Conference Center 555 Pennsylvania Ave NW Washington, DC 20001 |
This invitation is non-transferrable. |
JPMorgan Chase seeks to comply with applicable rules concerning meals, gifts and entertainment offered to public officials and employees, including related disclosure requirements. We estimate the cost of hospitality to be provided at JPMorgan Chase & Co. Institute Launch to be $27.00 per person. To the extent you wish to pay the cost of , or to decline, the hospitality to be provided at this event please contact Kathryn Kulp at kathryn.kulp@jpmchase.com to make the necessary arrangements.
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