In Rare Action, Corporate PAC Refunds Executives’ Contributions

Posted November 21, 2013 at 3:14pm

JPMorgan Chase & Company

In June, Dimon announced JPMorgan would spin-off its private equity investment unit, One Equity Partners, into a separate company. One Equity Partners manages about $4.5 billion of investments for JPMorgan Chase.

On Wednesday, the JPMorgan Chase & Co. PAC reported it had refunded $74,095 from contributions received in 2012 and 2013 from nineteen executives of One Equity Partners. These include $5,850 refunded to Robert Rubin; $8,112 to Richard Cashin; $8,112 to Colin Farmer; $8,112 to James Koven; $8,112 to William Wangerin; and $7,500 to Christian Ahrens; among others.

These refunds may be part of the effort to help draw a clear line between the two organizations.

One Equity Partners does not currently have a federal PAC.