Investigation into potential FCPA violations for J.P. Morgan’s hiring of the sons and daughters of high-ranking Chinese officials; was this an attempt to get more business from the Chinese government?
“Executive Pushed for Hires at J.P. Morgan,” The Wall Street Journal, September 21, 2015 C1. Emails surface from the chairman of J.P. Morgan China at the time linking the hiring to business.
Why do higher-ups write dumb stuff? Because they don’t understand the law or because they don’t understand the relative permanence of email? Or because they don’t care? Or weren’t sufficiently educated in the requirements?