“In J.P. Morgan Emails, a Tale of China and Connections”By: Ned Levin, Emily Glazer, and Christopher M. Matthews

Wall Street Journal

Presentation by: Austin Brown

The Situation

Gao Jue hired by J.P. Morgan despite several missteps Sexually explicit emails, botched work visa, bad

interviews

Son of China’s Commerce Minister Minister promised to “go extra miles” if son’s job was

secure

William Daley, then a senior exec, pushed for the hire of Jue Emails show several J.P. Morgan execs wished to leverage

Jue’s father’s position to their benefit

The Situation

Jue was set to be laid off but was spared Emails show that several execs were involved in that

decision

Jue has moved on to several companies and now works at Goldman Sachs

Daley left to become White House Chief of Staff from January 2011 – January 2012

J.P. Morgan facing fines for violating anti-bribery laws

Ethical Issues

Jue given preferential treatment in the hiring process because of benefits his father could give J.P. Morgan

Spared from layoffs for same reason

J.P. Morgan execs wanted to use Jue as a means to the end of having leverage over his father

Father allowed his son to be used that way

Individuals involved have moved on and are not facing any repercussions for their actions

http://www.wsj.com/articles/in-j-p-morgan-emails-a-tale-of-china-and-connections-1423241289