A bribery investigation report reveals that over the past decade , JP Morgan Chase & Co hired friends and family members of executives at 75 % of the major Chinese companies it took public in Hong Kong . And if you're going to bring up that one time JP Morgan (NYSE: JPM) hired the son of China’s commerce minister despite him performing poorly in his interviews, screwing up his work visa, "accidentally" sending a "sexually explicit email" to someone in HR, and being described as "immature, irresponsible and unreliable," The document , which was compiled by JP Morgan itself , listed 222 candidates who were hired by the bank under a programme known internally as " Sons and Daughters " . Investigators are now investigating whether any of the candidates were related to business subsequently won by the bank , though as yet , they have not found any documentation of government officials showing they were giving business to the bank in return for hires .
A bribery investigation report reveals that over the past decade , JP Morgan Chase & Co hired friends and family members of executives at 75 % of the major Chinese companies it took public in Hong Kong . The document , which was compiled by JP Morgan itself , listed 222 candidates who were hired by the bank under a programme known internally as " Sons and Daughters " . Investigators are now investigating whether any of the candidates were related to business subsequently won by the bank , though as yet , they have not found any documentation of government officials showing they were giving business to the bank in return for hires .