February 28, 2014

JPMorgan Bets on Death As Wall Street Suicides Jump Up

JPMorgan Bets on Death As Wall Street Suicides Jump Up

"In the vernacular, what JPMorgan is doing is engaging in the purchase of what has come to be known as "dead peasant" insurance policies on employees. The pejorative nickname, according to a website focusing on the practice, had its origins in a lawsuit in which a major corporation indicated that it regarded deceased employees as dead peasants"