Columbia in a tangle over links to embattled JP Morgan boss Dimon (The Guardian)
June 12, 2012
By Dominic Rushe
Columbia University is facing accusations of a conflict of interest relating to the role of its president in cheerleading for the boss of JP Morgan Chase, one of Columbia’s most generous financial backers.
Lee Bollinger, who has been president of Columbia since 2002, has been a vocal supporter of Jamie Dimon despite mounting criticism of the JP Morgan chief executive since the revelation of a $2bn trading loss at the bank’s London office.
But critics say Bollinger has put Columbia, one of the most prestigious academic institutions in the United States, in an awkward position because of the financial support it receives from JP Morgan.
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Tags: Federal Reserve, Wall Street