Recent emails obtained by federal regulators shed light on just how far JPMorgan Chase & Co. went to hire—and later, to retain—the son of a high-level Chinese minister.
Gao Jue, son of current Chinese Commerce Minister Gao Hucheng, was hired in 2007 at the investment banking division of JPMorgan’s China arm despite reservations from some bank employees, according to emails reviewed by the Wall Street Journal.
The decision to hire Gao was supported by William Daley, the emails suggested. Daley was a senior bank official at the time. He was also a former Commerce Secretary under President Clinton and the White House Chief of Staff under President Obama in 2011.
I do have a few cases where I think we can leverage the father's connection.
