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Jamie Dimon Biography
Jamie Dimon is an American business executive. He is a CEO and chairman of JPMorgan Chase, the largest of the big four American banks. He previously served on the board of directors of the Federal Reserve Bank of New York. Jamie was included in Time magazine’s 2006, 2008, 2009, and 2011 lists of the world’s 100 most influential people. He was also on Institutional Investor’s lists of best CEOs in the All-America Executive Team surveys from 2008 through 2011.
His leadership style was characterized as paradigmatic of “Founder centrism” in the Research published at the University of Oxford which is a founder’s mindset, an ethical disposition towards the shareholder collective, and an intense focus on exponential value creation.
He is one of the few bank chief executives to become a billionaire, thanks in part to a USD 485 million stake in JPMorgan Chase. For the fiscal year 2011 Jamie received a $23 million pay package, more than any other bank CEO in the United States. In compensation for his work in the fiscal year 2013 Jamie received $20 million .In 2017 he earned $29.5 million.
Jamie Dimon Age
He was born on March 13, 1956 in New York City. He is 63 years old as of 2019.
Jamie Dimon Family | Jamie Dimon Parents | Jamie Dimon Family Pictures
Dimon was born in New York City. He is one of three sons born to Greek Jewish immigrants Theodore and Themis (née Kalos) Dimon. His paternal grandfather who was a Greek immigrant changed the family name from Papademetriou to Dimon to make it sound more French, and worked as a banker in Smyrna (today’s Izmir) and Athens. Jamie has an older brother, Peter, and a fraternal twin brother, Ted. His father and grandfather were both stockbrokers at Shearson.
Jamie Dimon Education |Jamie Dimon Goldman Sachs
During his youth he attended The Browning School. At Tufts University he majored in psychology and economics. Jamie worked at Shearson during one summer’s break from Tufts.
After his graduation Jamie worked in management consulting for two years before registering at Harvard Business School, along with classmates Jeffrey Immelt, Steve Burke, Stephen Mandel, and Seth Klarman. He worked at Goldman Sachs during the summer at Harvard. In 1982 Jamie graduated, earning himself a Master of Business Administration degree as a Baker Scholar.
Jamie After graduation he was convinced by Sandy Weill to turn down offers from Goldman Sachs, Morgan Stanley, and Lehman Brothers to join him as an assistant at American Express.
In Spite of the fact that Weill could not offer the same amount of money as the investment banks, Weill promised Dimon that he would have “fun”. Theodore Dimon Jamie’s father, was an executive vice president at American Express. Jamie Dimon came to Weill’s attention when his father Theodore passed along an essay that Jamie had written.
Jamie Dimon Jp Morgan | Jamie Dimon Ceo |Jamie Dimon Bank One
Dimon became CEO of Bank One, the nation’s fifth largest bank in March 2000. Dimon became president and chief operating officer of the combined company when JPMorgan Chase purchased Bank One in July 2004.
He was named a CEO of JPMorgan Chase on December 31, 2005, and on December 31, 2006, he was named Chairman and President. Jamie was a Class A board member of the Federal Reserve Bank of New York in March 2008. JPMorgan Chase has become the leading U.S. bank in domestic assets under management, market capitalization value, and publicly traded stock value under Jamie’s leadership, with the acquisitions during his tenure. Jamie in 2009 was considered one of “The TopGun CEOs” by Brendan Wood International, an advisory agency.
Jamie was involved in a high-profile heated exchange with Mark Carney, the governor of the Bank of Canada on September 26, 2011, in which he said provisions of the Basel III international financial regulations discriminate against U.S. banks and are “anti-American”. JPMorgan Chase on May 10, 2012 began an emergency conference call to report a loss of at least $2 billion in trades that Dimon said were “designed to hedge the bank’s overall credit risks”. This strategy was, in Jamie’s words, “flawed, complex, poorly reviewed, poorly executed, and poorly monitored”. The episode was investigated by the Federal Reserve, the SEC, and the FBI and the central actor was labelled with the epithet the London Whale.
In January 2012 Dimon commented on the Volcker Rule, “Part of the Volcker Rule I agreed with, which is no prop trading. But market making is an essential function. And the public should recognize that we have the widest, the deepest, the most transparent capital markets in the world. And part of that is because we have enormous market making. If the rules were written as they originally came out; I suspect they’ll be changed, it would really make it hard to be a market maker in the United States.”He served as chairman of the executive committee of The Business Council for 2011 and 2012.
It was announced on January 24, 2014 that Jamie would receive $20 million for his work in 2013, a year of record profits and stock price under his reign, in spite of significant losses that year due to scandals and payments of fines. The award was a 74% raise, which included over $18 million in restricted stock. Forbes announced that, in a statement following news of Dimon’s compensation, the bank said, “Under Mr. Dimon’s stewardship, the Company has fortified its control infrastructure and processes and strengthened each of its key businesses while continuing to focus on strengthening the Company’s leadership capabilities across all levels.”
Jamie Dimon Salary | Jamie Dimon Net Worth| Jamie Dimon Pay |Jamie Dimon Compensation
Jamie Dimon a CEO of JPMorgan Chase gets $28 million pay package. Chief Executive Jamie Dimon was paid $28 million by NEW YORK (Reuters) – JPMorgan Chase & Co (JPM.N) directors in total compensation for 2016, a 4 percent bump from the prior year, the company said. He has an estimated Net worth of US$1.3 billion.
Jamie Dimon Wife |Jamie Dimon Daughter
Dimon married Judith Kent in 1983. He met her at Harvard Business School. The couple has three daughters: Julia, Laura, and Kara Leigh.
Jamie Dimon Cancer | Jamie Dimon Health
In 2014 Jamie was diagnosed with throat cancer. He received eight weeks of radiation and chemotherapy ending in September 2014.
Jamie Dimon Trump
Jamie Dimon J.P. Morgan Chase Chief Executive Officer took a swipe at President Donald Trump, claiming that he could defeat the president in a head-to-head election.
During an event held at his bank’s Park Avenue headquarters in New York Jamie said “I think I could beat Trump,” “Because I’m as tough as he is, I’m smarter than he is. I would be fine. He could punch me all he wants, it wouldn’t work with me. I’d fight right back.”
He shortly addressed the uproar caused by his comments: “I should not have said it. I’m not running for president,” the CEO said about an hour after the original exchange. The off-the-cuff outburst “proves I wouldn’t make a good politician,” Dimon said. “I get frustrated because I want all sides to come together to help solve big problems.”
Jamie Dimon House |Jamie Dimon Home | Jamie Dimon Address |Jamie Dimon Background
Address: 1185 Park Avenue.Many observers say JPMorgan is in the strongest shape, post-Great Recession, of any of the big banks. JPMorgan’s chief honcho, however, may have had less success with his home purchase.
The unit is on the “L” line, a floor plan that has three bedrooms and three baths. According to city records it cost $4.9 million in 2004.
While that price may seem relatively modest for a captain of industry, it still might be a bit high for the building, a limestone-and-brick co-op at East 94th Street. The 1929 high-rise does have its perks, including the fact that it’s discreet. It has a private courtyard that cars can enter
Jamie’s apartment, real estate records show, faces north and is at the roof level, which suggests it gets good sunlight. Still, another three-bedroom in the building, #7F, sold for just $3.6 million. “I think he paid top dollar, unless it was in superb condition with marble baths,” said Larry Kaiser of the brokerage Key-Ventures. He added that the most desirable apartments in the building are in the “D” line. But Dimon may not be fazed. According to news reports, he took home $21 million last year.
Jamie Dimon Office
Dimon’s office It’s up on the 48th floor it overlooks midtown Manhattan. In it, you’ll find the usual CEO decor, a large conference table, couches, family photos and some unique items, like a golden shovel from last year’s groundbreaking ceremony for the Chase Center, the new Golden State Warriors arena in San Francisco.
Jamie Dimon Book |Last Man Standing Book Jamie Dimon
- Last Man Standing: The Ascent of Jamie Dimon and JPMorgan Chase
In Last Man Standing, award-winning journalist Duff McDonald provides an unprecedented and deeply personal look at the extraordinary figure behind JPMorgan’s success. Using countless hours of interviews with Dimon and his full circle of friends, family, and colleagues, this definitive biography is by far the most comprehensive portrait of the man known as the Savior of Wall Street.
Jamie Dimon For President
It was published on 17 September 2018 that Gary Cohn, the White House’s former top economic advisor, said that Jamie Dimon would make a “phenomenal president” days after the J.P. Morgan Chase chief executive said he could beat President Donald Trump in an election.
“I think Jamie would make a phenomenal president. I think Jamie would be a spectacular president,” Cohn said during a live interview with Reuters.
“Look, after having seen the inside of the Oval Office and worked inside there for hours and hours a day, it’s in many respects very similar to running a complex, multinational global firm. It really is,” he added.
Cohn’s comments came less than a week after Dimon said he could beat Trump in a head-to-head election.
Jamie Dimon Jewish
Jamie together with his three brothers were born to Greek Jewish immigrants.
Jamie Dimon Quotes
- Most decisions are not binary, and there are usually better answers waiting to be found if you do the analysis and involve the right people.
- The best way to look at any business is from the standpoint of the clients.
- When my grandfather was born, there was no healthcare. There were no airplanes. There were no boats. There were no trains. There were no communications. No Internet. No widespread knowledge. It will be a completely different world but a much better place in a hundred years.
- Companies that grow for the sake of growth or that expand into areas outside their core business strategy often stumble. On the other hand, companies that build scale for the benefit of their customers and shareholders more often succeed over time.
- I am not responsible for the financial crisis, I hate to tell you.
- There are downsides to a lot of things. There are downsides to flying – people die every now and then. Do you want to stop all air flights? There are downsides to pharma; sometimes they’re misused. Do you want to stop using pills?
Read more at: https://www.brainyquote.com/authors/jamie_dimon
Jamie Dimon Height
Some source estimate Jamie’s height to bearound 5’10 or 5’11 .
Jamie Dimon Davos
By Associated Press October 16, 2018
NEW YORK (AP) — Jamie Dimon, JPMorgan Chase’s chief executive and chairman, has decided not to participate in Saudi Arabia’s “Davos in the Desert” event this month as the outrage over the disappearance of journalist Jamal Khashoggi continues to grow.
Dimon was asked last week if he was going to participate in the event, but declined to comment. A JPMorgan spokesman said the bank was not giving any additional comment on Dimon’s decision to pull out.
Khashoggi was last seen entering the Saudi Arabian consulate in Istanbul, Turkey on October 2. Turkish officials have said they fear a Saudi hit team killed and dismembered Khashoggi, who wrote critically of Saudi Crown Prince Mohammed bin Salman.
The kingdom has called such allegations “baseless” but has not offered any evidence Khashoggi ever left the consulate.
Jamie Dimon Financial Crisis
In a conversation with CNBC’s Andrew Ross Sorkin, J.P. Morgan CEO Jamie Dimon details the events leading up to the 2008 financial crisis.
Ten years later, he says he doesn’t trust doing business with Washington because “the next government can do whatever they want.”
Watch the video below for an inside look at how the historic week on Wall Street unfolded, from the perspective of the most powerful players in finance.
Jamie Dimon Brother
The twin brother of Jamie Dimon, CEO of JPMorgan Chase ,Theodore Dimon, Jr., Ed.D., built his career as an educator exploring the workings of the human body while his brother trekked up the corporate ladder to lead the largest bank in the U.S.
Jamie Dimon For Treasury
Dimon , As head of JPMorgan Chase, oversaw the transfer of $25 billion in funds from the U.S. Treasury Department to the bank on October 28, 2008, under the Troubled Asset Relief Program (TARP). This was the fifth largest amount transferred under Section A of TARP to help troubled assets related to residential mortgages.
Jamie Dimon Obama |Jamie Dimon Political Affiliation |Jamie Dimon Democrat
In May 2012, Jamie described himself as “barely a Democrat ” he stated that I’ve gotten disturbed at some of the Democrats’ anti-business behavior, the attacks on work ethic and successful people. I think it’s very counterproductive. … It doesn’t mean I don’t have their values. I want jobs. I want a more equitable society. I don’t mind paying higher taxes. … I do think we’re our brother’s keeper but I think that attacking that which creates all things, is not the right way to go about it.
After winning of Obama on the 2008 presidential election, there was speculation that Jamie would serve in the Obama Administration as Secretary of the Treasury. Eventually Obama named Timothy Geithner who is the president of the Federal Reserve Bank of New York, to the position.
Jamie Dimon Summer Reading List |Jamie Dimon Book List
Jamie a CEO of JP Morgan Chase had a town hall for summer interns. Apparently quite a few people asked Dimon for a reading list. He e-mailed them back the following list of his favorite books “which includes a variety of business and history books.”
The World is Flat
Competitive Strategy: Techniques for Analyzing Industries and Competitors
Security Analysis – Classic 1940 Edition
The Intelligent Investor
Execution – The Discipline of Getting Things Done<
Jack: Straight From the Gut
Sam Walton – Made in America
Double your Profits in 6 Months or Less
Built from Scratch
Only the Paranoid Survive
Built to Last
Founding Brothers: The Revolutionary Generation
Autobiography of Ben Franklin
Lincoln at Gettysburg: The Words that Remade America
Undaunted Courage: Meriwether Lewis, Thomas Jefferson, and the Opening of the American West
Eisenhower: Soldier and President
The Rise of Theodore Roosevelt
Washington: The Indispensable Man
Personal Memoirs of U.S. Grant
Team of Rivals: The Political Genius of Abraham Lincoln
A Short History of Nearly Everything
Guns, Germs, and Steel: The Fates of Human Societies
Complexity: The Emerging Science at the Edge of Order and Chaos
A History of Knowledge: Past, Present, and Future
The Clash of Civilization and the Remaking of World Order
The Wealth and Poverty of Nations: Why Some are so Rich and Some so Poo
Jamie Dimon Bloomberg |Jamie Dimon Billionaire
Jamie is now worth $1.1 billion according to Bloomberg. In JPMorgan his stake through shares and options is worth $485 million and he also has real estate valued at $32 million. Additionally, he has wealth from “an investment portfolio seeded by proceeds” from his previous stint at Citigroup.
Jamie Dimon India
There was a tweet from Seema Mody on June 26, 2017 which said that after a meeting in India on Sunday with Prime Minister Narendra Modi, JPMorgan (JPM – Get Report) CEO Jamie Dimon was spotted having lunch with recently resigned Uber CEO Travis Kalanick.
After meeting #Modi, JP Morgan CEO Jamie Dimon seen having lunch with former Uber CEO Travis Kalanick. pic.twitter.com/tZwesvtvzR
— Seema Mody (@seemacnbc) June 26, 2017