ManagementSpeak: “While we don’t think we did anything illegal or unethical, from the standpoint of reputation risk we would not do this transaction today.” — A spokesperson for J.P.Morgan, reported in The Wall Street Journal, Monday, December 9, 2002
Translation: We’re guilty as sin, but we can afford better lawyers.
KJR club member Curt Cohee performs the highly ethical act of translating J. P. Morgan’s explanation.
