What ever happened to clawbacks?
Why are the regulators not forcing the top 20 executives at JPMorgan Chase (JPM) to repay all their bonuses that they received in 2013 and 2012? In addition, they should have forfeited all the stock options and or stock grants that they received in 2013 and 2012. The entire board of directors should also have to forfeit all stock compensation that they received in 2013 and 2012 and the board and the top 10 executives at JPM should not receive any stock or bonuses in 2014 either.
Why is there no shared burden here? Why do the stockholders have to pay for everything?
Why has the federal government not prosecuted even one bank executive for the robo-signing fiasco that cost the stockholders of the banks more than $25 billion?
The non-accountability of government has now spread to private industry.
The big question now for me is not whether JPM is too big to fail, but whether it is too big to manage.