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JPMorgan Will Move To 'Claw Back' Millions From Execs Who Bungled Billions

JPMorgan Chase CEO Jamie Dimon predicted this would happen: The bank "plans to reclaim millions of dollars in stock from executives at the center of the trading blunder that shocked Wall Street," The Wall Street Journal reports.

According to the Journal:

"The nation's biggest bank is expected to claw back compensation from individuals including Ina Drew, who ran the company's Chief Investment Office, or CIO, according to people familiar with the bank's plans."

A clawback, one of the financial world's best words in our opinion, is "the recovery of money which has been already paid to a person or company, typically because that payment should not have been made for legal (or occasionally moral) reasons." (Cambridge University Press)

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NPR

Colombia's La Momposina Sings A Tangled Social History

On this week's Alt Latino, we spend time with an album from Colombian singer Totó la Momposina. NPR's Rachel Martin talks with NPR's Felix Contreras about Tambolero.
NPR

'Oleogustus' Is The Newly Discovered Taste, And Boy, Is It Bad

There's a new, sixth taste for humans: the taste for fat. But Rick Mattes of Purdue University tells NPR's Rachel Martin to think less yummy ice cream, more rancid food.
NPR

Obama To Detail Tougher Plan To Fight Climate Change

President Obama will unveil climate change regulations Monday, expected to set tougher limits on coal than previously proposed. NPR's Scott Horsley previews the announcement with host Rachel Martin.
NPR

Despite Host Controversy, Amazon Takes A Chance On 'Top Gear'

The trio that made Top Gear the world's biggest car show will return to the small screen in a new show for Amazon Prime. The BBC canned one of its hosts last year after a fight with a producer.

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