JPMorgan’s Dimon Says He Won’t Recruit Rivals’ Staff

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Published in Bloomberg October 27, 2009 by Elizabeth Hester
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he won’t actively recruit the best employees from competitors operating under pay restrictions imposed after federal bailouts.
“I morally have an issue with people going against those companies that are hamstrung,” Dimon said today at the Securities Industry and Financial Markets Association meeting in New York. “It’s wrong to say, ‘Let’s go hire the best people.’ We’re not going to do that.”

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