Updated
Updated · Bloomberg · Jul 21
IRS Chief Bisignano Denies WSJ Spying Report on 10-Year-Old JPMorgan Allegations
Updated
Updated · Bloomberg · Jul 21

IRS Chief Bisignano Denies WSJ Spying Report on 10-Year-Old JPMorgan Allegations

3 articles · Updated · Bloomberg · Jul 21

Summary

  • Frank Bisignano told CNBC on Tuesday that a Wall Street Journal report accusing him of spying on colleagues at JPMorgan Chase was false, saying, “None of it’s true.”
  • The denial answered allegations that, more than 10 years ago, he directed security staff to access coworkers’ emails while he was a senior JPMorgan executive.
  • The Journal report said the alleged targets included rivals such as Charlie Scharf and cast the effort as part of Bisignano’s push to control employees and undercut competitors.
  • The accusation lands as Bisignano now leads the IRS and Social Security Administration after leaving JPMorgan in 2013, raising scrutiny over his conduct in a previous role.

Insights

He allegedly built 'disloyalty dossiers' at JPMorgan. What does this past reveal about his current leadership at the IRS?
Would the corporate spying tactics a top official is accused of from a decade ago be illegal under today's privacy laws?
JPMorgan had a strict ethics code. How could an executive allegedly spy on rivals for years without consequence?