One of those involved in the now $3 billion loss at JPMorgan is named “Achilles” which reminded me of this Led Zeppelin classic. Although I didn’t care for Led Zeppelin as a kid I’ve grown to appreciate just how good they were and really like this song. It also says a lot that the band didn’t care about fitting songs into the normal radio friendly 2-3 minutes and instead chose to record what they wanted to record.
The JPMorgan “risk” officer Achilles Macris is supposed to be leaving the company though as of Friday, it sounded as though the negotiations were continuing. Despite what Americans think about Europe, it most definitely is possible to fire workers in Europe. The process takes longer and is more expensive but it’s always possible.