The battle inside JPMorgan over A-Rod’s millions
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 14 December 2021
⏱️ 10 minutes
🧾️ Download transcript
Summary
Read a transcript of this episode on FT.com
https://www.ft.com/content/6c90116a-d978-4b3c-9fba-0b57b2a42aec
The US Department of Labor is investigating Apple over claims that it retaliated against an employee who complained of workplace harassment and unsafe working conditions, European gas futures rose 10 per cent on Monday after German foreign minister Annalena Baerbock said the Nord Stream 2 pipeline could not be permitted in its current form because it did not comply with EU law; and a senior banker at JPMorgan Chase is battling the bank and her colleagues who she says have been trying to poach her billionaire and multimillionaire clients.
Apple faces probe over whether it retaliated against whistleblower
https://www.ft.com/content/973aae8d-21d9-4e84-8912-ead071c7935d
European gas prices rise after German concerns over Nord Stream 2 - with Guy Chazan
https://www.ft.com/content/15a057f2-7647-496d-bcc6-6c4bcb836db6
A baseball star in the ‘shark tank’: inside JPMorgan’s client poaching row - with Joshua Franklin
https://www.ft.com/content/3b7ae6dc-b213-4463-b980-3b0401087187
Harley-Davidson to spin off electric motorcycle division
https://www.ft.com/content/0d290d5d-2f71-4991-928c-cc4518466f66
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Transcript
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| 0:00.0 | Good morning from the Financial Times. Today is Tuesday, December 14th. |
| 0:03.7 | And this is your FT News briefing. |
| 0:08.4 | U.S. labor officials are investigating whether Apple broke the law by retaliating against |
| 0:13.0 | a whistleblower, and there could be a new hurdle for Russia's Nord Stream 2 gas pipeline. |
| 0:18.4 | Plus, we have an inside view of JP Morgan, and it's not pretty. Our banking editor has the |
| 0:23.8 | story of infighting among powerful financiers over a famous athlete's fortune. |
| 0:28.8 | It's very rare that you see a dispute like this take place in public as this one is. |
| 0:35.2 | The Mark Philippineau, and here's the news you need to start your day. |
| 0:43.7 | The FT reports that Apple is under investigation by U.S. labor officials. |
| 0:48.2 | They're looking into claims that the technology giant retaliated against an employee who publicly |
| 0:53.0 | accused Apple of a variety of workplace violations. A senior engineering program manager had |
| 0:58.6 | been tweeting allegations of harassment, surveillance, and work safety issues. |
| 1:03.1 | Apple fired her in September, allegedly for leaking confidential information. She said that she was |
| 1:08.4 | dismissed under false pretext. An employment lawyer told the FT that these investigations are |
| 1:13.4 | rare because of the use of non-disclosure agreements, and it's also rare for these disputes to be |
| 1:18.8 | made public. It's also rare for employee battles inside a U.S. banking titan to be made public, |
| 1:30.4 | but a spat inside JP Morgan Chase broke open after a top financial advisor filed for a restraining |
| 1:36.4 | order against the bank to restrict her co-workers from engaging with her clients. |
| 1:41.0 | The financial advisor in question manages the fortune of one of the most famous baseball |
| 1:45.5 | personalities of all time, former Yankee slugger Alex Rodriguez or A. Rod. |
| 1:50.2 | Her U.S. banking editor Josh Franklin joins me to talk more. Hey, Josh. Hey, Mark. |
| 1:55.2 | So Josh at the center of this dispute is a woman named Gwen Campbell. She's A. Rod's financial |
... |
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