03 October, 2012

Ina Drew, Jamie Dimon and JPMorgan Chase’s $6 Billion Mistake - NYTimes.com

Ina Drew, Jamie Dimon and JPMorgan Chase’s $6 Billion Mistake - NYTimes.com: Drew spent the first weeks after she left JP�Morgan doing what she always did: heading into Manhattan, to the corner of Park Avenue and 47th Street. Instead of entering 270 Park, however, she went to 277 Park, directly across the street. Many large companies have offices known to some as elephant graveyards, where retired chief executives are given offices and a secretary. As she was being debriefed by company lawyers, Drew was given a temporary office in JPMorgan Chase’s elephant graveyard, which happened to be in the old Chemical building, where Drew spent so many years on the ascent. She was surprised and pained that Dimon didn’t call her right away. “I’m sure it’s for legal reasons,” she told a friend. She described herself as “devastated.”