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In 2004, J.P. Morgan Chase & Co. canceled the remainder of its seven-year, $5 billion IT contract with IBM and opted to bring its own

In 2004, J.P. Morgan Chase & Co. canceled the remainder of its seven-year, $5 billion IT contract with IBM and opted to bring its own IT talent back in house. The bank made the decision to terminate the contract, initiated in 2004, following its acquisition of Bank One Corp. J.P. Morgan stated that, with its merger with Bank One, it would have the ability to manage its IT infrastructure internally and more efficiently than through outsourcing. "We believe managing our own technology infrastructure is best for the long-term growth and success of our company," said CEO Austin Adams. Considering the size, history, and sensitive data of a company like Chase, would you recommend outsourcing for Chase? Explain.

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