This article is mainly from an investment/stockprice perspective, but will trickle down in making jpm a better place to work.
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Tell me how stock price appreciation leads to making JPM a better place to work. The connection is tenuous at best. Of course i can invent something e.g. directors' stock options are worth more and they may throw you a bone when they are in the mood - but that's crap, and you know it.
stock price makes JPM a better place to work? so if it is down 3% today that means for the day it sucked to work there.....
Athena, i hope you tell your JPM interviewer that you want to work there because the stock price has risen by X% over the month, and this means that everyone there is happier by X%. I am sure your interviewer will give you an offer. straightaway.
Post a link to the article next time.
Caustic sarcasm aside, I have always been very impressed by JPM. I believe the brand name is just barely behind GS/MS and I believe the operations and leadership are just as strong. They weathered the subprime debacle just as well as anyone, but had received very little credit in the press. The people that I've met at JPM were all very nice and it's among my top choices of firms for which I'd like to work. My only reservation is that, if I recall correctly, the firm hasn't been involved in many huge multi-multi-billion dollar deals (aside from JPMC/Bank One), whereas firms such as LEH have Sprint/Nextel, Chevron/Unocal, MER has RBS/ABN Amro, P&G/Gillette, etc.
To defend the OP: Daily fluctuations may not matter much, but a long term upward trend will reflect itself in the company, particularly compared to a long term decline or unch stock price. Investors place blame on management based on their stock returns. This blame would trickle down the ranks as everyone would be encouraged to work harder and churn out better profits. During times that the stock price is dropping, one would be concerned about things like layoffs, "fat cutting" and divestitures of business segments.
I think a FAIRLY GOOD (don't rip me apart for this, I understand how they're different) comparison is Citi and Goldman over the last five years. I believe that the employees throughout CITI have been adversely affected due to the flat-lining stock price while employees at GS have been happy because they know their company is doing well and that their management is more likely to allow their employees to work in a more relaxed environment.
Would I bring this up in an interview? No. Would I make a decision based on this? No. Does it have an impact on work environment? Yes.
http://online.barrons.com/article/SB119707200031917738.html?mod=seeking…
Yea, actually you should probably think of it as the other way around.
Stock price reflects the underlying business prospects for the firm, and Citi's stock price, and employee sentiment, reflects the underlying difficulty in the business.
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