Free iPads to JPMorgan Investment Bankers

Bloomberg:

JPMorgan, the second-largest U.S. lender by assets behind Bank of America, will distribute iPads free of charge to all associates in its global investment banking division, the Nov. 24 e-mail shows. Employees will get to keep the device as long as they remain at the unit until the pilot program ends on May 1, 2011.

Two managing directors at JPMorgan, as to why:

We believe there are real benefits in our working environment that can be realized using this device – as well as the personal productivity and enjoyment that come as part of the package.