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Wait, Is It Not Typical Of JPMorgan To Hire People People Who Send "Sexually Explicit Emails" To HR And Are Described As "The Worst...Candidate Ever"?

No? It's not?
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Nobody from JP Morgan has gone on the record to say otherwise (yet!) but just assuming it's not the standard then yeah, that makes this whole thingslight awkward.

Gao Jue did poorly on his job interviews at J.P. Morgan Chase & Co., he messed up his work visa, accidentally sent a sexually explicit email to a human-resources employee and was described by a senior banker as “immature, irresponsible and unreliable,” according to internal bank emails and people familiar with the matter. Yet the bank hired him, saved him during major job cuts and later was prepared to offer him another position if he had responded to their queries. Mr. Gao is the son of China’s current commerce minister, who, when his son faced a layoff, said he was willing to “go extra miles” for the bank if it kept him on, according to a J.P. Morgan executive’s email account of a dinner with the father...The hiring has drawn scrutiny from U.S. prosecutors and regulators who are investigating the Asian hiring practices of J.P. Morgan and several other banks, according to people briefed on the investigation. Mr. Gao’s name hasn’t previously been reported in connection with the hiring probe, which J.P. Morgan disclosed in a 2013 regulatory filing. Hong Kong authorities have also been investigating Western banks’ hiring practices. J.P. Morgan hasn’t been accused of wrongdoing in the investigation, which focuses on the Foreign Corrupt Practices Act, a U.S. law that bars giving anything of value to foreign government officials for a business advantage. Federal prosecutors in Brooklyn and Washington view Mr. Gao’s hiring as a potential violation because of indications of some sort of quid pro quo involving his father, combined with indications bankers saw the son as ill-qualified, the people briefed on the investigation said...

A J.P. Morgan recruiter expressed concern about Gao Jue’s qualifications. Danielle Domingue, in an email to colleagues that used abbreviations for managing director and business analyst, wrote: “Jue did very very poorly in interviews—some MDs said he was the worst BA candidate they had ever see—and we obviously had to extend him an offer.” Ms. Domingue has since left the bank.

In J.P. Morgan Emails, a Tale of China and Connections [WSJ]


Person Sends Email To Jamie Dimon

We* don't really find it particularly amusing amusing or post-worthy that a Jefferies employee accidentally or misguidedly put Jamie Dimon on an email about a working group list but judging by the number of people who've sent it to us, this is the height of banking humor, so here you go:

Fox Business Senior Email Correspondent: Thousands Of Goldman Employees Saw Muppet Movie, Wanted To Talk About It The Next Day

Late last week, investigative reporter Charlie Gasparino came out with a bombshell story: after reading former employee Greg Smith's allegation that he'd seen and heard colleagues refer to clients as "muppets," the British term for stupid people, the firm launched an investigation into the claim (e.g. searched emails for said word). On Friday, Gasparino breathlessly reported that while  Goldman did find some muppet mentions, they referred to the Jason Segal film and were not malicious in their intent (quoth CG: "GS found no evidence of malicious muppet talk in emails).  While a lesser journalist would have been content to take the source at his or her word, Charles Gasparino is no such journalist. He get kept digging on this one and now, amazingly, has more to add: "People close to Goldman tell FOX Business 98% of the email muppet use referred to the movie. Sources at Goldman also say the malicious muppet use in emails involves name calling among colleagues; apparently at Goldman they call each other muppet. Sources say the firm find no evidence so far to substantiate Smith’s claims that people were talking about clients.” Gasparino on Muppet Movie Referrals in Goldman Emails [FBN]