Memo Fr. CEO Jamie Dimon To Marketing/Special Events: Set Up Mtg. With Professional Bowlers Association Abt. Sponsorship Opportunities
I don’t think it’s so much that they’re sponsoring an event — no one expects banks not to advertise, for example — as it is which event they decided to sponsor:
Posted: February 3rd, 2009 | Filed under: Class War, Well, What Did You Expect?Despite receiving a whopping $28 billion in federal taxpayer funds, JPMorgan Chase and American Express spent $125,000 to sponsor a weeklong squash tournament at Grand Central Terminal.
The six-day event — known as the “Tournament of Champions” — ended Jan. 29 and drew about 200,000 fans to what was billed as one of the “world’s premier squash championships” at the same time as lawmakers on Capitol Hill were denouncing wasteful Wall Street spending.
Reps at JPMorgan Chase declined to specify how much it spent on the tournament, but a source close to the deal told Fox News Channel it was roughly $100,000.
American Express officials also declined to provide an amount, but the company is believed to have spent $25,000, a source told Fox News Channel.
Critics have said companies should not be sponsoring sporting events if they’re getting federal bailout money.


