Chase Bank Cancels General Mike Flynn's Credit Cards

[livingston]

Chase Bank Cancels General Mike Flynn's Credit Cards


Chase Bank has canceled General Mike Flynn's personal credit card, citing "possible reputational risk to our company."

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[Deplorable Me]

Thomas Jefferson's credit card cancelled also because he owned slaves.

Virtue signaling cancel culture is bullshit.

 

[Dr. Evil]

 

[Grimscale]

Chase Bank has canceled General Mike Flynn's personal credit card, citing "possible reputational risk to our company."

Very prophetic.
They've made certain their reputation will be crap.

good job, Chase.

 

[meketrefe]

I am going to cancel them this year. Fuck then.

 

[Steal2B]

Moving Business Savings, Checking, and Credit Card Accounts from JPM to USAA this week.

 

[FP1201]

Very prophetic.
They've made certain their reputation will be crap.

good job, Chase.

You've got to figure there's some snot-nose somewhere within the Chase Corporation that "discovered" this account and made issue of it as part of their job.....really, who gives a fat flying fuck what Credit Card Flynn or anyone else has?

 

[GOPerfect]

I try to understand this stuff, I really do.

But to cancel a credit card because of who someone is?

This one is beyond me.

 

[SonOfSun]

Businesses have a right to do or not do business with someone as they see fit. While I don't agree with their decision I agree with their right to make it. So this is a /shrug for me.

 

[Steal2B]

Businesses have a right to do or not do business with someone as they see fit. While I don't agree with their decision I agree with their right to make it. So this is a /shrug for me.

Bullshit. JPM management is not free to do whatever they feel like, JPM has a responsibility to their shareholders and customers ... not to a leftist political party cancel culture. Their shareholders and customers (I am both) should hold them accountable when they cross a line.

 

[SonOfSun]

Bullshit. JPM management is not free to do whatever they feel like, JPM has a responsibility to their shareholders and customers ... not to a leftist political party cancel culture. Their shareholders and customers (I am both) should hold them accountable when they cross a line.

Responsibility to shareholder, at least in their view is what they did; Chase Bank has canceled General Mike Flynn's personal credit card, citing "possible reputational risk to our company." The reputation of a company is an actionable shareholder and business interest.

Shareholders are a group as a whole, not the single opinions of Steal2B on the Internet. If you disagree with their actions you are free to cease being a shareholder or vote for a board that has a different opinion about the direction of the business. Barring that you are free to pound sand.

 

[repete]

Responsibility to shareholder, at least in their view is what they did; Chase Bank has canceled General Mike Flynn's personal credit card, citing "possible reputational risk to our company." The reputation of a company is an actionable shareholder and business interest.

Shareholders are a group as a whole, not the single opinions of Steal2B on the Internet. If you disagree with their actions you are free to cease being a shareholder or vote for a board that has a different opinion about the direction of the business. Barring that you are free to pound sand.

So then it would be fine if banks started to close accounts of BLM and ANTIFA members too?

 

[SonOfSun]

So then it would be fine if banks started to close accounts of BLM and ANTIFA members too?

Yes it would. If they thought the reputational damage was worse than the financial gain from having them as customers. I support their right to make that decision as well.

 

[Steal2B]

Responsibility to shareholder, at least in their view is what they did; Chase Bank has canceled General Mike Flynn's personal credit card, citing "possible reputational risk to our company." The reputation of a company is an actionable shareholder and business interest.

Shareholders are a group as a whole, not the single opinions of Steal2B on the Internet. If you disagree with their actions you are free to cease being a shareholder or vote for a board that has a different opinion about the direction of the business. Barring that you are free to pound sand.

Not in to pounding sand any more. Not eating capital gains tax penalties under Biden cause SonofSun is giving financial advise today. Did better. Called Diamond (yeah a politician he supported gave me a number, has been pleading ignorance) and transferred a seven figure account. A drop in the bucket, but it adds up.

 

[SonOfSun]

Not in to pounding sand any more. Not eating capital gains tax penalties under Biden cause SonofSun is giving financial advise today. Did better. Called Diamond (yeah a politician he supported gave me a number, has been pleading ignorance) and transferred a seven figure account. A drop in the bucket, but it adds up.

So you ceased to be a shareholder with Chase? That sounds like one of the remedies I noted. I didn't mean pull it out into cash and pay cap gains.. I meant not have money invested with Chase. Whether you pull it into cash and pay CG, transfer, reinvest it elsewhere, burn it, etc. is irrelevant. You can either have money invested with Chase or not, a binary state of ownership.. Ultimately I don't really care what you do with it, it's your money, you decide where you want it for whatever reasons you want, it's your business and your business alone.

 

[Steal2B]

So you ceased to be a shareholder with Chase? That sounds like one of the remedies I noted. I didn't mean pull it out into cash and pay cap gains.. I meant not have money invested with Chase. Whether you pull it into cash and pay CG, transfer, reinvest it elsewhere, burn it, etc. is irrelevant. You can either have money invested with Chase or not, a binary state of ownership.. Ultimately I don't really care what you do with it, it's your money, you decide where you want it for whatever reasons you want, it's your business and your business alone.

Nope. Did not sell Chase position, nor close all my accounts (closed business kept some personal), since I can't bitch as loud without them. I bought my JPM in the 30s and it's about 160 now, so trust me, I will not take or consider your financial advice. Anyways, ... my Chase stock has always been in different houses than JPM. They suck as a brokerage house.

 

[GOPerfect]

Chase Bank does about-face, apologizes for Gen. Flynn credit card cancellation letter, says it 'made an error' | Blaze Media

Chase Bank on Tuesday told TheBlaze it has apologized for the credit card cancellation letter that retired Gen. Michael Flynn — former national security adviser under former President Donald Trump — posted on his Telegram social media page Sunday.Chase's Aug. 20 letter reads, in part, "we...

www.theblaze.com

 

[Modean]

Chase Bank does about-face, apologizes for Gen. Flynn credit card cancellation letter, says it 'made an error' | Blaze Media

Chase Bank on Tuesday told TheBlaze it has apologized for the credit card cancellation letter that retired Gen. Michael Flynn — former national security adviser under former President Donald Trump — posted on his Telegram social media page Sunday.Chase's Aug. 20 letter reads, in part, "we...

www.theblaze.com

Guess they found out you can suffer "reputaional damage" by canceling accounts for political reasons.

 

[SonOfSun]

Guess they found out you can suffer "reputaional damage" by canceling accounts for political reasons.

You certainly can. They made an error and want to walk it back. I don't buy that sending a letter that stated the reason to discontinue business with him was "reputational damage" was an error. They did it on purpose and realized they fucked up.

 

[Modean]

You certainly can. They made an error and want to walk it back. I don't buy that sending a letter that stated the reason to discontinue business with him was "reputational damage" was an error. They did it on purpose and realized they fucked up.

All companies need to figure out that choosing sides politically is always going to come at a substantial cost. Despite the pressure brought to bear by the twitterverse, neutrality is almost always the right choice.

 

[Deplorable Me]

Just signed up for a Chase CC so I can cancel it in a week. I don't like their political views.

 

[repete]

You certainly can. They made an error and want to walk it back. I don't buy that sending a letter that stated the reason to discontinue business with him was "reputational damage" was an error. They did it on purpose and realized they fucked up.

I'm just guessing here but I think some "woke" lower to midlevel exec made the decision to cancel him and has now been reprimanded.

 

[SonOfSun]

All companies need to figure out that choosing sides politically is always going to come at a substantial cost. Despite the pressure brought to bear by the twitterverse, neutrality is almost always the right choice.

I agree. It seems some people were misinterpreting what I was saying, or maybe I didn't state my ideas well. Either way - I support businesses being able to choose who they do business with. That doesn't mean I support any particular action or not, I more support the freedom to take those actions whether I agree with them or not. I support the freedom to make good business choices and the freedom to screw up and go out of business or be hurt by those decisions. In this case Chase made a call to cancel a customer and it ended up being a poor decision. They get to own the repercussions of their choices.

Yeah you're also right that generally speaking most businesses should just stay out of politics, unless your business is politics (ie. Selling Trump hats or Bernie bumper stickers). Just stick to making your product stack be competitive in the marketplace and you'll be fine. Alienating potential customers is never good business.

 

[Dr. Evil]

Chase Bank does about-face, apologizes for Gen. Flynn credit card cancellation letter, says it 'made an error' | Blaze Media

Chase Bank on Tuesday told TheBlaze it has apologized for the credit card cancellation letter that retired Gen. Michael Flynn — former national security adviser under former President Donald Trump — posted on his Telegram social media page Sunday.Chase's Aug. 20 letter reads, in part, "we...

www.theblaze.com

"AFTER CAREFUL CONSIDERATION, WE DECIDED to close your credit cards..."

Yup, that certainly sounds like a mistake to me.

 

[kev74]

I'm just guessing here but I think some "woke" lower to midlevel exec made the decision to cancel him and has now been reprimanded.

I bet they get a bonus.

The only reason chase backtracked is because of the bad press.