The JPM trading loss and the resignation of Ina Drew
Another post will follow about the mystery surrounding this trading loss, although my prior post said about as much as one could know.
One thing is certain. Ina Drew was a real professional. She did not seek attention. She worked long hours at her job, her mind there whether in her office, on the road, or at home. She was market savvy and market conservative. What happened remains unknown really, but I and many others held Ina in the highest esteem. Others, many others, at the companies that evolved sought attention and adulation. Ina just did her job, and until recently apparently chose the best possible people to be her lieutenants. What happened in the London office is unclear, but "dubious" may be the only word to describe it at this point.
When I first knew her in the early '90's, her intelligence was transparent but she was to some extent terrified of public speaking and attention. She grew beyond that, beyond me I guess, but I am sure that this episode is excruciating for her.
Her contribution to Chemical, Chase, and JPMorgan Chase over three decades was immense. This little ENS blog wishes her its heartfelt best.
One thing is certain. Ina Drew was a real professional. She did not seek attention. She worked long hours at her job, her mind there whether in her office, on the road, or at home. She was market savvy and market conservative. What happened remains unknown really, but I and many others held Ina in the highest esteem. Others, many others, at the companies that evolved sought attention and adulation. Ina just did her job, and until recently apparently chose the best possible people to be her lieutenants. What happened in the London office is unclear, but "dubious" may be the only word to describe it at this point.
When I first knew her in the early '90's, her intelligence was transparent but she was to some extent terrified of public speaking and attention. She grew beyond that, beyond me I guess, but I am sure that this episode is excruciating for her.
Her contribution to Chemical, Chase, and JPMorgan Chase over three decades was immense. This little ENS blog wishes her its heartfelt best.
posted by John Borden at 6:52 AM
2 Comments:
You are right to note that Ina was a reliable and knowledgeable member of the managament team for many years. She did not seek attention. She was a fair manager. The mystery remains.
Strength to Ina.
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