In 2008, commodities trader Todd Edgar made JPMorgan $100 million. Soon after, he and his 12-man team were poached by Bob Diamond at BarCap, after being offered a “$50 million cash and shares package” to jump ship. JPM was pretty pissed about it, and complained to the FSA, to no avail. BarCap, naturally, felt great about the situation, and consider the pounds money well spent. The Brits are less than thrilled with Edgar et al today, after it was announced that the last two years have been fun but they’ll be taking off now. Continue reading »