Jamie Dimon - Wikipedia, the free encyclopedia: James "Jamie" Dimon (born March 13, 1956) is a business executive. He is the current chairman, president and chief executive of JPMorgan Chase, and previously served as a Class A director of the Board of Directors of the New York Federal Reserve, a three year term which started January 2007.[1][2] Dimon was named to Time magazine's 2006, 2008, 2009, and 2011 lists of the world's 100 most influential people. He was also named to Institutional Investor's Best CEOs list in the All-America Executive Team Survey from 2008 through 2011.[3] He was named the CEO of the Year in 2011.[4]
In a power struggle, Weill left American Express in 1985 and Dimon followed him. The two then took over Commercial Credit, a consumer finance company, from Control Data. Through a series of unprecedented mergers and acquisitions, in 1998 Dimon and Weill were able to form the largest financial services conglomerate the world had ever seen, Citigroup. Dimon left Citigroup in November 1998. It was rumored at the time that he and Weill got into an argument in 1997 over Dimon not giving Weill's daughter, Jessica M. Bibliowicz, a promotion,[7] although that happened over a year before his departure and most accounts cite many other more substantive issues as the real reasons.[8] In his 2005 University of Chicago Graduate School of Business Fireside Chat and 2006 Kellogg School of Management interviews, Dimon stated that Weill fired him.
In March 2000 Dimon became CEO of Bank One, then the nation's fifth largest bank.[9] He became President and Chief Operating Officer of J.P. Morgan Chase in mid-2004 when it purchased Bank One.
In March 2008 he was a board member of the New York Federal Reserve Bank and CEO of J.P. Morgan and made decisions in connection with the $55 billion loan to J.P. Morgan to bail out Bear Stearns.
Following the acquisition of Washington Mutual by JPMorganChase, President Barack Obama had this to say about Dimon's handling of the real-estate crash, credit crisis, and the banking collapse affecting corporations nationwide, including major financial institutions like Bank Of America, Citibank, and Wachovia:
Under Dimon's leadership with the acquisitions on his watch, JPMorganChase has now become the leading U.S. bank in domestic assets under management, market capitalization value, and publicly traded stock value. JPMorganChase is also the #1 credit card provider in the United States.[citation needed] J.P. Morgan's investment bank has raised the highest fees since mid-2010 and into 2011.
In 2009, Dimon was considered one of "The TopGun CEOs" by Brendan Wood International, an advisory agency.[12][13][dead link]
In 2011, Dimon was involved in two high profile heated exchanges, first on Ben Bernanke, and the second on September 26, 2011 with Bank of Canada's Mark Carney calling Basel III "anti-american"[14].
In a power struggle, Weill left American Express in 1985 and Dimon followed him. The two then took over Commercial Credit, a consumer finance company, from Control Data. Through a series of unprecedented mergers and acquisitions, in 1998 Dimon and Weill were able to form the largest financial services conglomerate the world had ever seen, Citigroup. Dimon left Citigroup in November 1998. It was rumored at the time that he and Weill got into an argument in 1997 over Dimon not giving Weill's daughter, Jessica M. Bibliowicz, a promotion,[7] although that happened over a year before his departure and most accounts cite many other more substantive issues as the real reasons.[8] In his 2005 University of Chicago Graduate School of Business Fireside Chat and 2006 Kellogg School of Management interviews, Dimon stated that Weill fired him.
In March 2000 Dimon became CEO of Bank One, then the nation's fifth largest bank.[9] He became President and Chief Operating Officer of J.P. Morgan Chase in mid-2004 when it purchased Bank One.
In March 2008 he was a board member of the New York Federal Reserve Bank and CEO of J.P. Morgan and made decisions in connection with the $55 billion loan to J.P. Morgan to bail out Bear Stearns.
Following the acquisition of Washington Mutual by JPMorganChase, President Barack Obama had this to say about Dimon's handling of the real-estate crash, credit crisis, and the banking collapse affecting corporations nationwide, including major financial institutions like Bank Of America, Citibank, and Wachovia:
After Obama won the 2008 presidential election, there was some speculation that Dimon would serve in the Obama Administration as United States Secretary of the Treasury. Obama eventually named President of the Federal Reserve Bank of New York Timothy Geithner to the position.[11]You know, keep in mind, though there are a lot of banks that are actually pretty well managed, JPMorgan being a good example, Jamie Dimon, the CEO there, I don't think should be punished for doing a pretty good job managing an enormous portfolio.[10]
Under Dimon's leadership with the acquisitions on his watch, JPMorganChase has now become the leading U.S. bank in domestic assets under management, market capitalization value, and publicly traded stock value. JPMorganChase is also the #1 credit card provider in the United States.[citation needed] J.P. Morgan's investment bank has raised the highest fees since mid-2010 and into 2011.
In 2009, Dimon was considered one of "The TopGun CEOs" by Brendan Wood International, an advisory agency.[12][13][dead link]
In 2011, Dimon was involved in two high profile heated exchanges, first on Ben Bernanke, and the second on September 26, 2011 with Bank of Canada's Mark Carney calling Basel III "anti-american"[14].
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