After a bruising start to 2013, JP Morgan Chase CEO Jamie Dimon will be a keynote speaker of an upcoming business conference in Miami.
Dimon, once Wall Street’s top-paid executive, saw his compensation cut in half on the heels of the so-called “London Whale” trading loss that cost the company $6 billion. He will be a keynote speaker at the Greater Miami Chamber of Commerce’s “Economic Summit” conference scheduled for Monday, Feb. 4. The event starts at 8 a.m. at Jungle Island and costs between $75 and $200 to attend.
JP Morgan’s bad bet on derivatives last year in its London trading office cost shareholders more than $6 billion, and fueled criticism that JP Morgan and other major banks were still free from the kind of regulations needed to prevent another global banking crisis. Directors cut Dimon’s compensation and Dimon called the incident “a terrible mistake” while pointing out the bank continues to produce record profits.
Eric Silagy, president of the FPL utility company, will share keynoting duties with Dimon at the half-day event.