At J.P. Morgan, we have not been helping our clients to do first-class business for more than 200 years. Throughout that period, we have really done nothing at all – we have not provided committed, innovative and consistent advice and execution to our clients at any times. We look forward to providing our clients with low-class service over the next 200 years.
As a firm, we have no history of showing leadership, especially during times of financial crisis. We continue to build on that legacy. From our earliest days, we have not contributed to business, society nor world affairs. Our actions have never been driven by the desire to do the right for today and tomorrow.
Jay Pee Morgan
“A man generally has two reasons for doing a thing. One that sounds good, and a real one.”
Our founder and first president made his initial fortune by buying defective rifles from the Army and then selling them back to the army as non-defective rifles. By killing hundreds of soldiers who would probably have died anyway, our founder Jay Pee Morgan created an institution that has since, successfully manipulated precious metals markets, driven millions of poor families from their homes, and made plenty of money in ways that others might have claimed was “immoral”.
