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SheltieLover

(57,073 posts)
Wed Apr 8, 2020, 11:03 AM Apr 2020

JPMorgan 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 bank’s 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 they’d 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, JPMorgan’s 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!

9 replies = new reply since forum marked as read
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JPMorgan sees surge in coronavirus cases after pressuring traders to go to work: report (Original Post) SheltieLover Apr 2020 OP
This CEO is probably one of the guys pressuring Trump to open up the country. Baitball Blogger Apr 2020 #1
No doubt! Fkn whores! SheltieLover Apr 2020 #2
Speaking of these B*stards I Got a $497 Check From a Class Action Suit Against Them Indykatie Apr 2020 #3
Congrats! SheltieLover Apr 2020 #4
Hey lighten up folks gratuitous Apr 2020 #5
This situation has "massive lawsuit" written all over it VMA131Marine Apr 2020 #6
Ikr! But look what CD C is cooking up...rec to send exposed, asymptomatic people back tonwork! SheltieLover Apr 2020 #7
I hope those in charge of making this decision get sick and die from Covid-19. smirkymonkey Apr 2020 #8
Guessing SheltieLover Apr 2020 #9

Indykatie

(3,695 posts)
3. Speaking of these B*stards I Got a $497 Check From a Class Action Suit Against Them
Wed Apr 8, 2020, 12:05 PM
Apr 2020

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.

gratuitous

(82,849 posts)
5. Hey lighten up folks
Wed Apr 8, 2020, 12:12 PM
Apr 2020

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)
6. This situation has "massive lawsuit" written all over it
Wed Apr 8, 2020, 12:17 PM
Apr 2020

Especially if, heaven forbid, any of those traders who are sick die. This is just extraordinarily irresponsible.

SheltieLover

(57,073 posts)
7. Ikr! But look what CD C is cooking up...rec to send exposed, asymptomatic people back tonwork!
Wed Apr 8, 2020, 12:21 PM
Apr 2020

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)
8. I hope those in charge of making this decision get sick and die from Covid-19.
Wed Apr 8, 2020, 12:27 PM
Apr 2020

I really do. There needs to be consequences for this kind of sick mentality and behavior.

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