Jamie Dimon attacks PE recruiting practices; calls them “unethical”

Jamie Dimon, the CEO of JP Morgan Chase, in an interview last month attacked the practice of private equity firms recruiting junior investment bankers at JP Morgan Chase right as they start their positions.

“I think that’s unethical,” said Dimon. “I don’t like it. I may eliminate it regardless of what the private equity guys say.” He added: “I want patriots, not mercenaries.”

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