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Posts Tagged ‘JP Morgan Chase’

Which Word Best Captures Epic #AskJPM Fail: ‘Evil’ or ‘Satan?’

That, ladies and gentlemen, was a social media disaster for the ages. In an apparent attempt to connect with the common man, JP Morgan Chase announced an “online discussion” with vice chairman Jimmy Lee that was supposed to occur today before things very quickly went to…well, you know:

Who knew social media “engagement” isn’t always a good thing? In a show of just how poorly planned this event turned out to be, “evil” and “Satan” were two of the terms most commonly used in tweeters’ super-earnest questions.

We feel you, bros—but we also prefer a little more subtlety in our critiques. Some favorites after the jump.

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‘Twitter Handle Advisor’ Is a Real Job Now

Your brand name here

Ever dealt with a client whose preferred Twitter tag is already taken?

In a development that’s sure to secure a spot on the next “most misunderstood jobs” list, the New York Post tells us that some enterprising professionals are working as “Twitter handle advisors”, or people who help clients get the handles they want.

Here’s an example of the problem they’re solving: JP Morgan Chase really wanted the @chase handle, but it had already been taken—so they offered the guy who snagged it $20K to hand it over. This is strictly against Twitter rules, which forbid the buying and selling of handles, but Chase still got its way when Twitter wrested @chase away from the unfortunate man by citing “alleged trademark issues”. Dubious. Barilla pasta non-fan Andy Cohen also recently changed his handle from @BravoAndy to just plain @Andy and locked out the former so no one could imitate him. But we’re sure no money changed hands there…

“Social media manager” jobs are supposedly on the way out, but this is far more ridiculous—and we have no idea how it works beyond bribing the early adopters to give up handles like @bob or @patrick.

It’s a fairly common problem, though: we’ve noticed some firms with handles that don’t quite match their names. Anybody have experience with this sort of thing?

Top Bankers ‘Accept’ Pay Cuts. Will the Public Forgive and Forget?

You don’t have to be a public relations expert to know how the public feels about the banking industry. We hate it–like “record low” opinion polls hate it. In fact, we hate all of it—from hidden banking fees to that one time when banks almost destroyed everything good on the planet with their greed, obfuscation and wildly irresponsible practices.

And then there are those financial industry executives and their astronomical multimillion dollar salaries and bonuses. (There’s an app for that, by the way. It claims to compare bonuses for execs at the world’s biggest banks, and it can be yours for the appropriately inflated price of $11.99.)

The public doesn’t have a problem with people acquiring wealth through diligence, intelligence and sweat equity, but we loathe watching the economy sink into a financial abyss while those in charge shop for their own private islands.

Ever since the early days of the recession, the public never fully understood how people doing such a terrible job could be paid so handsomely. There appeared to be rules at play that don’t apply to the rest of us. Finally, however, the situation is changing. That’s right. Jamie Dimon, chief executive for JP Morgan Chase, had his salary cut in half, to a mere $11.5 million. Good to know he avoided that potential PR disaster.

How will this “pay cut” campaign go over?

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Is Libor-gate Another PR Headache for Chase?

JP Morgan Chase‘s team was supposed to represent the good guys—the Jamie Dimon-led superbank was one of the few financial institutions to emerge from 2008’s economic collapse relatively unscathed in the court of public opinion. But the news hasn’t been good for Dimon lately, and it might get much worse very soon.

This week, Bloomberg Businessweek reported that Chase was among seven big banks subpoenaed by the Attorney Generals of New York and Connecticut to testify regarding the ongoing Libor rate-fixing scandal. One thing has become very clear over the past few weeks: The worst offenders in this case are not all based in London. This subpoena strongly implies that the AG’s suspect that top traders at America’s biggest banks were actively involved in the conspiracy.

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‘IR Magazine’ Names Its Award Winners

NYSE Euronext's John Merrell speaking at the 'IR Magazine' U.S. Awards

IR Magazine has named its U.S. investor relations award winners at its annual awards gala. Among the winners were Microsoft for Best IR Website; JP Morgan Chase & Co for Best Financial Reporting and Best Crisis Management; Berkshire Hathaway for Best Corporate Governance; and Apple for Most Progress in IR.

More info about the event available here.