FACTOID # 19: Cheap sloppy joes: Looking for reduced-price lunches for schoolchildren? Head for Oklahoma!
 
 Home   Encyclopedia   Statistics   States A-Z   Flags   Maps   FAQ   About 
   
 
WHAT'S NEW
 

SEARCH ALL

FACTS & STATISTICS    Advanced view

Search encyclopedia, statistics and forums:

 

 

(* = Graphable)

 

 


Encyclopedia > Jamie Dimon

James "Jamie" Dimon (born March 13, 1956) became CEO of JPMorgan Chase & Co. on January 1, 2006. He succeeded William B. Harrison, Jr., who became the company's chairman. Dimon succeeded Harrison as Chairman of JPMorgan on January 1, 2007, following Harrison's retirement. March 13 is the 72nd day of the year in the Gregorian calendar (73rd in leap years). ... 1956 (MCMLVI) was a leap year starting on Sunday of the Gregorian calendar. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... JPMorgan Chase & Co. ... January 1 is the first day of the calendar year in both the Julian and Gregorian calendars. ... For the Manfred Mann album, see 2006 (album). ... William B. Harrison, Jr. ... A Chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ...

Contents

History

Jamie Dimon was born in New York City, New York to Theodore and Themis Dimon. His grandfather, a Greek immigrant from Smyrna, was a broker and passed on his knowledge of the business to his son and partner, Theodore. They worked together for 19 years, and Jamie held summer jobs at their New York office. [citations needed] Nickname: Location in the state of New York Coordinates: Country United States State New York Boroughs The Bronx Brooklyn Manhattan Queens Staten Island Settled 1625 Government  - Mayor Michael Bloomberg (R) Area  - City  468. ... NY redirects here. ... Agora of Smyrna Smyrna (Greek: Σμύρνη) is an ancient city (today Ä°zmir in Turkey) that was founded at a very early period at a central and strategic point on the Aegean coast of Anatolia. ...


Jamie Dimon majored in biology and economics at Tufts University, before earning an Master of Business Administration degree from Harvard Business School. Upon his graduation in 1982, Sandy Weill convinced him to turn down offers from Goldman Sachs and Morgan Stanley to join him as an assistant at American Express. Though Weill could not offer the same amount of money as the investment banks, Weill promised Dimon that he would have "fun." In a power struggle, Weill left American Express in 1985, Dimon followed him, and the two took over Commercial Credit, a consumer finance company, from Control Data, which became the vehicle that Dimon and Weill would use to propel themselves to the top of the financial world. 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. Although Weill was the one who made the deals, Dimon was the "whiz kid" who made the numbers work. [citations needed] Tufts University is a private research university in Medford/Somerville, Massachusetts, suburbs of Boston. ... Master of Business Administration (MBA) is a masters degree in business administration, which attracts people from a wide range of academic disciplines. ... Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. ... Sandy Weill in the 1970s Sandy Weill (March 16 1933 -) is a financier, philanthropist, and chairman of Citigroup. ... Goldman Sachs offices at the Fraumünsterplatz in Zürich (the light-colored building on the left) The Goldman Sachs Group, Inc. ... Morgan Stanley (NYSE: MS) is an investment bank, retail broker, and credit card provider headquartered in New York City. ... American Express (NYSE: AXP), sometimes known as Amex, is a diversified global financial services company, headquartered in New York City. ... Consumer finance in the most basic sense of the word refers to any kind of lending to consumers. ... Control Data Corporation, or CDC, was one of the pioneering supercomputer firms. ... The whiz kid is a stock character who is notably intelligent, but typically lacking in physical strength. ...


Dimon left Citigroup in November 1998. It was rumored at the time that he and Weill got into an argument in 1997 over the perceived lack of promotion given by Dimon to Weill's daughter, Jessica M. Bibliowicz.[1] In his 2005 University of Chicago Graduate School of Business Fireside Chat and 2006 Kellogg School interviews, Dimon stated that he was fired by Weill. The University of Chicago Graduate School of Business, also known as Chicago GSB, or simply The GSB, is one of the world’s leading business schools and the second oldest in the United States. ...


In March 2000 Dimon became CEO of Bank One, then the nation's fifth largest bank. He became president of J.P. Morgan Chase in mid-2004 when it acquired Bank One. Bank One, based in Chicago, Illinois, was the sixth-largest bank in the United States. ... JPMorgan Chase & Co. ... Bank One, based in Chicago, Illinois, was the sixth-largest bank in the United States. ...


Dimon was named to Time Magazine's 2006 list of the world's 100 most influential people. Time, (whose trademark is capitalized TIME) is a weekly American newsmagazine, similar to Newsweek and U.S. News & World Report. ...


He is married to Judith Kent. They have three children.


Quotes

  • Then he unleashed a biting one-liner: "But if you paid one dollar for Texas Commerce bank" -- which J.P. Morgan acquired in 1987 for $1.2 billion -- "you paid a dollar too much!" The room, studded with Texas Commerce alumni and executives who had championed the deal, went dead silent.

I went to work for Sandy...to build something. The reason I went to work for Sandy was because I liked him...and I like him because he was down to earth, no b.s., told it the way it was, he dealt with the secretaries and the drivers and the clerks the same way he dealt with anybody else, tremendous common sense. I also think that people make the big mistake, they think they have to fight their way to the top, I think a lot of people are pushed to the top, and they're pushed to the top by people who like them, trust them, respect them, and consider them leaders, I'm going to talk about it later because I think it's probably the most important thing. The Kellogg School of Management at Northwestern University, also known as The Kellogg School or simply Kellogg, is considered one of the worlds leading graduate business schools. ... Northwestern University is a private, coeducational, non-sectarian research university located in Evanston and Chicago, Illinois. ...

  • June 1, 2005 - Sanford C. Bernstein Strategic Decisions Conference

By the middle of '07 we will have, pretty much, one loan system, one wire system, one deposit system, maybe two or three general ledgers. ... We'll have far bigger and more efficient data systems, storage centers etc. And your cost efficiency will be enormous, your ability to innovate will also be much better. The general ledger, sometimes known as the nominal ledger, is the main accounting record of a business which uses double-entry bookkeeping. ...

References

  1. ^ Nathans Spiro, Leah. "Too crowded under Traveler's umbrella?", BusinessWeek, 30 June 1997. 

June 30 is the 181st day of the year (182nd in leap years) in the Gregorian calendar, with 184 days remaining. ... 1997 (MCMXCVII) was a common year starting on Wednesday of the Gregorian calendar. ...

External links


  Results from FactBites:
 
DealBreaker.com (2584 words)
Dimon is well aware of the longstanding criticism that the bank hasn't shown consistent internal growth.
Dimon and the top bosses of the bank's key businesses are expected to provide some fresh details about how they plan to fatten the bank's bottom line.
We've said before that Jamie Dimon has a bit of a "story" problem (as in, nothing's happening and he doesn't have one) but you could generally rest assured that he was off cutting costs somewhere because, well, that's what he does.
Jamie Dimon - Wikipedia, the free encyclopedia (470 words)
James "Jamie" Dimon (born March 13, 1956) became CEO of JPMorgan Chase and Co. on January 1, 2006.
Born in New York City, New York to Theodore and Themis Dimon, Jamie was a child of the industry.
Jamie Dimon's father and grandfather worked together for 19 years, and Dimon worked summers in their New York office.
  More results at FactBites »

 
 

COMMENTARY     


Share your thoughts, questions and commentary here
Your name
Your comments

Want to know more?
Search encyclopedia, statistics and forums:

 


Press Releases |  Feeds | Contact
The Wikipedia article included on this page is licensed under the GFDL.
Images may be subject to relevant owners' copyright.
All other elements are (c) copyright NationMaster.com 2003-5. All Rights Reserved.
Usage implies agreement with terms, 1022, m