Obama: Bain Debate No 'Distraction

Two extensive reports -- one by the louis vuitton handbags 2012 New York Times and the other by the Wall Street Journal -- trace the deterioration of JPMorgan Chase's once-disciplined corporate culture and its aftermath. They lay bare a top-down hierarchy characterized by misplaced trust and growing hubris that fueled a power struggle during a leadership vacuum. And it all began when now-retired Chief Investment Officer Ina Drew was frequently absent as she battled a case of Lyme disease. MUST READ Obama: Bain Debate No 'Distraction' -- What Election 2012 Is All About Congressional Lawmakers Speak Like High School Sophomores: Study Sponsorship Link Now the banking industry is back to being a bogeyman for corporate pomposity in some circles. The punditocracy has made JPMorgan an exemplar of all that is wrong (or acceptable) in the modern economic growth model. Its debacle is a cause célèbre for those seeking tighter regulations. And it may all be traced back to one JPMorgan executive's travails that began with a bug louis vuitton neckless bite. Well-Earned Trust Drew admirably navigated the rough seas of the 2008 financial crisis, making JPMorgan appear to be the lone sane person in a nuthouse. So much so that CEO Jamie Dimon was once described as the "least hated banker" in America. In an age of "Vampire Squids" and movements fueled by bank bailouts, it's not hard to consider the moniker a compliment. Drew's status rose with Dimon's, as she earned the CEO's trust along the way, according to unnamed traders and former employees who spoke to the Times. Follow us The pre-Lyme disease era of Drew's tenure was marked by a hands-on approach and steadiness that made her a favorite among traders, according to interviews conducted by the Times. "When Ina was there, things ran smoothly," one former louis vuitton mens shoes trader said.