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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsJPMorgan sees surge in coronavirus cases after pressuring traders to go to work: report
[link:https://nypost.com/2020/04/03/jpmorgan-traders-feel-pressured-to-report-to-work-during-coronavirus-outbreak/|
JPMorgan pressured its traders to come into work despite a coronavirus outbreak on its Midtown trading floor, a new report alleges and now nearly two dozen traders are sick and another 65 are in quarantine.
In just three weeks some 20 employees on one floor in the investment banks Madison Avenue headquarters have tested positive for the virus, with another 65 quarantined, the Wall Street Journal reported Friday.
Traders responsible for buying and selling stock broke down in tears when they were told theyd have to report into the Midtown office as the cases mounted, while top brass juggled their workers health and making money, the Journal expose said.
There are risks to personal health, there are risks to public health. We are called upon to balance, Jason Sippel, JPMorgans head of global equities, told employees Thursday, stressing their duty to report to work in person, the Journal said.
And the CD is formulating a plan now to send exposed, asymptomatic people back to work early!
Baitball Blogger
(46,682 posts)SheltieLover
(57,073 posts)Surreal!
Indykatie
(3,695 posts)I was shocked at the amount because you usually only get a pittance from these class action suits. The letter says it's the settlement payment from J.P. Morgan Stable Value Fund ERISA Litigation. This would be related to money invested via my 401K. If you have their fund in your 401K portfolio you might want to look into it.
SheltieLover
(57,073 posts)So glad you got a good chunk out of those pricks!
gratuitous
(82,849 posts)The House of Morgan is barely scraping by, operating on a margin so thin that they could go under at any minute. You don't want them to go out of business and have the economy lose all those jobs that JPMorgan creates, do you?
VMA131Marine
(4,135 posts)Especially if, heaven forbid, any of those traders who are sick die. This is just extraordinarily irresponsible.
SheltieLover
(57,073 posts)What could go wrong?
I just posted a thread on that story & another from NEJM reflecting only 43.8% present with fever, UNTIL comdition worsens significantly. (CDC's "plan" is to take asymptomatic temps. Pfffft. NEJM blew that premise out of the water!)
And we all know infected persons are often asymptomatic & highly infectious!
🤬🤬🤬🤬
smirkymonkey
(63,221 posts)I really do. There needs to be consequences for this kind of sick mentality and behavior.
SheltieLover
(57,073 posts)The ones who made this decision are the farthest from the workplace! 🤬