JPMorgan Chase Changes Its Leaders

摩根大通更換領導層


Introduction

JPMorgan Chase has two new co-presidents. One senior leader is leaving the company.

摩根大通有兩位新任共同總裁。一名高級領導將離開公司。

Main Body

Doug Petno and Troy Rohrbaugh are now co-presidents. Doug leads the investment bank. Troy leads the consumer bank. Troy wants to learn more about consumer banking.

Doug Petno 和 Troy Rohrbaugh 現在是共同總裁。Doug 領導投資銀行,Troy 領導消費銀行。Troy 希望能更深入了解消費銀行業務。

Marianne Lake is retiring. She was a top leader. Now, there are fewer people who can become the next big boss.

Marianne Lake 即將退休。她曾是一位頂級領導。現在,能夠成為下一任最高主管的人選減少了。

The bank gave Doug and Troy $30 million in stock. They must stay at the bank until 2028. They must also make the bank a lot of money.

銀行給了 Doug 和 Troy 3,000 萬美元的股票。他們必須在銀行任職至 2028 年,且必須為銀行創造大量利潤。

Conclusion

The bank has two new top leaders. One old leader is gone.

銀行有了兩位新任頂級領導,而一位舊任領導則離職了。

Vocabulary Learning

💡 THE 'POSSESSIVE' CONNECTION

In the text, we see: JPMorgan Chase Changes Its Leaders.

Look at the word Its. This is how we talk about things that belong to a company or an object (not a person).

How it works:

  • Person \rightarrow His or Her
  • Company/Thing \rightarrow Its

Examples from the real world:

  • The bank \rightarrow Its leaders
  • The car \rightarrow Its wheels
  • The city \rightarrow Its streets

🛠️ WORD BUILDING: 'THE NEXT BIG BOSS'

English often puts small words before a noun to describe it. Let's look at the order here:

The (Which one?) \rightarrow Next (When?) \rightarrow Big (Size) \rightarrow Boss (Who?)

Try this pattern for A2:

  • The \rightarrow new \rightarrow small \rightarrow office.
  • The \rightarrow old \rightarrow red \rightarrow car.

Vocabulary Learning

senior (adj.)
Having a higher rank or more experience than others.
Example:The senior manager has worked at the company for twenty years.
investment (n.)
Putting money into something to make a profit.
Example:Buying stocks is a common type of investment.
consumer (n.)
A person who buys goods or services for personal use.
Example:The company wants to understand what the consumer needs.
retiring (v.)
Stopping work because you have reached a certain age.
Example:My grandfather is retiring next month after forty years of work.
stock (n.)
A part of a company that you can buy or sell.
Example:The price of the company's stock went up today.
Practice A2 words in a crossword