I think that's unethical. I don't like it, and I may eliminate it regardless of what the private-equity guys say.
Last year's private-equity recruiting cycle kicked off while many bankers were still in training for their first full-time jobs after college.
The other thing I don't like, a lot of you work at JPMorgan, and you take a job from private equity before you even start with us.
Dimon's comments follow increasingly aggressive efforts by buy-side firms to recruit young investment bankers for jobs that won't start until they finish two to three years of training.
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