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Public Statements

Sen. Brown Urges Dimon to Take Back Bonuses and Incentive Compensation

Statement

By:
Date:
Location: Washington, DC

U.S. Senator Scott Brown (R-MA) released the following statement:

"The way for Jamie Dimon to demonstrate his seriousness about the mistakes that led to JPMorgan's $2 billion trading loss is to take back the bonuses and incentive compensation from those who were involved in the failed London trades, including himself as CEO. The only way to change the culture on Wall Street is to hit people where it hurts -- in the wallet. Perhaps then the big banks will think twice about taking unnecessary risks that undermine public confidence in our financial system."


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