James "Jamie" Dimon who was born on March 13, 1956 is the current CEO and chairman of JP Morgan Chase & Co. He has been known as the world's 100 most influential people, and was on the cover of the Time Magazine in 2006,2008,2009, and 2011. He was born in the New York City and he attended Browning School. Later he majored in psychology and economics at Tufts University and earned an M.B.A degree from Harvard Business School. After graduating, he worked at American Express as an assistant. In March 2000, Dimon became CEO of Bank One, which was the nation's fifth largest banks. Later he became President and Chief Operation Officer of JP Morgan Chase in mid-2004 when it purchase Bank One. In March 2008, he became board member of the New York Federal Reserve Bank and CEO of JP Morgan and made decisions in connection with the $55 billion loan to JP Morgan to bail out Bear Stearns.
Today JP Morgan has been one the successful survivors of the most horrific time in our economy's history anyone has ever seen. According to the USA Today, JPMorgan is the only large financial institution that posted a profit during the financial crisis. This month, it posted its 20th-consecutive quarterly profit: $2.7 billion, a 36% increase from a year earlier, with record revenue of $27.7 billion. Its stock price is up more than 150% from its bear market low in March.
http://www.youtube.com/watch?v=YMasTlWXwj4
-R
Good overall view of CEO of JP Morgan.
ReplyDeleteHowever, i can't let go that Jamie Dimon was board member of NY Federal Reserve and CEO of JP Morgan at the same time which tells me that his priorities must have collided with being CEO and board member of Federal Reserve. I believe we need to separate people from those who already serve different positions at different companies to take position in Federal Reserve board member especially financial personnel.
Hey, check out this other blog which wrote about JP Morgan. She did fabulous job.
http://eglish1a-spring11.blogspot.com/2011/04/wamu-didnt-chase-what-matters.html