J.P. Morgan Chase’s (JPM.NYSE) hiring of Gao Jue, son of China’s current commerce minister, has drawn growing scrutiny from US regulators investigating hiring practices at several major American banks, with internal bank emails showing one senior banker describing the younger Gao as “immature, irresponsible and unreliable,” The Wall Street Journal reported. The bank’s decision to hire Mr. Gao was widely understood within J.P. Morgan to have been supported by then-senior executive William Daley, according to internal emails reviewed by the Journal; when Gao the younger faced a layoff, his father said he would be willing to “go extra miles” for the bank if it kept him on.
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J.P. Morgan emails show connections behind hiring of minister's son
J.P. Morgan Chase’s (JPM.NYSE) hiring of Gao Jue, son of China’s current commerce minister, has drawn growing scrutiny from US regulators investigating hiring practices at several major American banks, with internal bank emails showing one senior banker describing the younger Gao as “immature, irresponsible and unreliable,” The Wall Street Journal reported. The bank’s decision to hire […]