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JP Morgan Chase Board Member Admitted “Things We Actually Are Guilty Of”

JP Morgan Chase Board Member Admitted “Things We Actually Are Guilty Of”

JP Morgan Chase director and chairman of the board’s Audit Committee, Laban Jackson, did not cause much of a stir last week in Chicago when he stunningly admitted at an institutional investor conference that “We’ve got these things that we actually are guilty of and we’ve got to fix them.”

On the very day that chairman and CEO Jamie Dimon was meeting with Attorney General Holder in Washington to try and resolve  how many billions the bank would have to pay to settle “these things we actually are guilty of”, one of his chief independent directors  was admitting that the controversial showdown with Uncle Sam was “embarassing for the Board.”

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