Even though his company lost $2 billion in a bad bet on credit derivatives last week, JPMorgan Chase CEO Jamie Dimon probably won’t face calls for his head from shareholders at the bank’s annual meeting Tuesday. In fact, one major shareholder says Dimon is just the sort of fellow needed to lead the company through this crisis.
In related news, we bring you JPMorgan Chase’s new mission statement: You got to know when to hold ‘em, know when to fold ‘em, know when to walk away, know when to run.
Whole Paycheck: Upscale grocer Whole Foods broke ground Monday on a new store in one of America’s most economically distressed major cities, Detroit.
It’ll be just like any other Whole Foods, except that copper pipe salvaged from Detroit’s many abandoned houses will be accepted as currency.
Keeping up with the Kardashians: Mason, which happens to be the name of reality TV star Kourtney Kardashian’s young son, jumped 10 spots to No. 2 on the annual list of most popular names for baby boys.
What will be next year’s hottest baby name? Only Snooki knows for sure.
— Mark Carlson, Herald staff