Sunday, May 10, 2015

JPMorgan, Data-Rich Analyses, and the Public Good

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 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.



Jamie Dimon
Chairman and CEO of JPMorgan Chase & Co.

and

Diana Farrell
Founding President and CEO of the JPMorgan Chase Institute 

Invite you to the launch of the JPMorgan Chase Institute –
a global think tank dedicated to delivering data-rich analyses and expert insights for the public good.


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
Zoƫ 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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