"The commander who took counsel only of all the gloomy intelligence estimates would never win a battle; he would forever be sitting, fearfully waiting for the predicted catastrophes."
- Dwight Eisenhower
JP Morgan board cuts CEO's pay It's a signal that they're punishing him for a big trading loss last year. Boards are altogether too often so much in bed with upper management that it's uncommon to see something like this happen. Perhaps it should more often.