Details

The House of Dimon

How JPMorgan's Jamie Dimon Rose to the Top of the Financial World
1. Aufl.

von: Patricia Crisafulli
12,99 €
Verlag:	Wiley
Format:	EPUB
Veröffentl.:	23.03.2009
ISBN/EAN:	9780470483732
Sprache:	englisch
Anzahl Seiten:	272

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Beschreibungen

Titelbeschreibung

A behind-the-scenes look at Wall Street's top banker Following the eleventh-hour rescue of Bear Stearns by JP Morgan, Jamie Dimon's profile reached stratospheric levels. And while the deals and decisions he's made have usually turned out to be the right ones, his journey to the top of the financial world has been anything but easy. Now, in The House of Dimon, former business journalist Patricia Crisafulli goes behind the scenes to recount the amazing events that have shaped Dimon's career, from his rise to prominence as Sandy Weill's protŽgŽ at Citigroup to the drama surrounding his purchase of Bear Stearns and Washington Mutual. Each step of the way, this engaging book provides insider accounts of how Dimon successfully acquired and integrated companies, created efficiencies, and grew bottom-line results as the consummate hands-on manager. <ul> <li>Includes interviews with Dimon himself, Sandy Weill, and colleagues who've known Dimon over the course of his career</li> <li>Shows how Dimon's management style and talent for taking calculated risks have allowed him to excel where many others have failed</li> <li>Places Dimon in the context of contemporary Wall Street, an environment that has destroyed several top CEOs</li> </ul> During one of the most difficult and tumultuous periods in Wall Street history, Jamie Dimon has survived and thrived. The House of Dimon reveals how he's done it and explores what lies ahead for Dimon, as he attempts to grow JPMorgan in the face of the unrelenting pressures of Wall Street.

Inhaltsverzeichnis

Preface xi Acknowledgments xv Introduction xvii Part One: In the Eye of the Storm Chapter 1 The Dimon Way 3 Running the House of Dimon 7 The Rise, Fall, and Rise of Jamie Dimon 10 What You See Is What You Get 14 Straight Talk about a Credit Crisis 15 Never, Ever Forget the Downside 18 A Culture of Transparency 20 Doing What It Takes to Get the Job Done 23 Chapter 2 Taking a Bear-Sized Bite 25 No Ordinary Deal 27 Presenting the Deal to Shareholders 29 Step-by-Step Through the Deal That Changed Everything 32 Reining In the Risks 41 On Dimon’s Shoulders 42 Part Two: The Making of a Wall Street Leader Chapter 3 The Weill Years: In the Trenches 49 The Making of Jamie Dimon 52 The Market in His Blood 53 Going to Work for Weill 56 The Rise of Sandy Weil 58 In the Trenches at Commercial Credit 60 Buying Primerica—A New Second Chance 65 Chapter 4 A Force on Wall Street 71 Primerica Grows 74 A New Team for a New Corporate Entity 77 Growing Tensions 80 The Deal of Deals 85 The Firing of Jamie Dimon 89 Chapter 5 The Recruitment of Jamie Dimon 91 Life after Citigroup 92 Bank One’s Search for a CEO 95 The New Bank One CEO 102 Taking Over as CEO 105 A House Divided 107 The Beginning of a New Culture of Accountability 108 Chapter 6 The Turnaround of Bank One 111 New Players for the Team 113 Welcome to Boot Camp 116 Taking It to the Street 117 Turning Around Bank One 119 Straight Talk from the New CEO 128 The Fortress Balance Sheet Debut 129 Restoring Profitability 130 Chapter 7 Back on Wall Street 133 The House of Morgan 136 The Deal That Almost Didn’t Happen 139 Delving into JPMorgan Chase 142 Dimon Takes Over 146 The Storm of 2007 150 The Wall Street Statesman 151 Part Three: Weathering the Storm Chapter 8 The Dimon Fortress 155 Strong Defense, Strategic Offense 157 The Signature Phrase 158 It Always Pays to Be Prepared 159 No Resting on the Laurels 162 Advice and a History Lesson 164 Stress Testing Assets 165 Having Real Capital 166 The Long-Term View 170 Chapter 9 Taking Over WaMu: A Sign of the Times 171 Welcome WaMu 173 Washington Mutual Runs into Trouble 175 A Strategic Fit for JPMorgan 176 “First-Class” Banking Meets “Whoo Hoo!” 179 A Somber Picture 180 Failure and Takeover: A Sign of the Times 182 More Acquisitions in the Future? 186 Waiting for What Comes Next 187 Chapter 10 Navigating Financial Storms 189 A Brief Postmortem of a Complicated Crisis 191 Bubbles Are Trouble 192 Even the Best Model Can’t Predict Everything 195 Blame the Underwriting 196 Launch New Products Cautiously 199 Risk at One Firm Affects Others 200 More Regulation Is Coming 201 Bolder, Braver Leaders 203 Chapter 11 A Wall Street Statesman 209 The Hard Work of Being a Leader 211 Family, Humanity, and Then JPMorgan 212 Loyal—to the End 217 Notes 219 About the Author 233 Index 235

Rezension

"It is easy to read and brings together events in the financial markets over the past 40 years that are helpful to review and reflect upon" (Seeking Alpha) "Crisafulli goes behind the scenes to recount the amazing events that have shaped Dimon's career" (CEO Middle East, April 2009) "…anyone who reads Ms. Crisafulli’s fiduciary love letter will take away some valuable lessons in running a bank—or, for that matter, a business." (The Wall Street Journal, April 10, 2009)

Autorenportrait

PATRICIA CRISAFULLI is an accomplished writer and author who has written or ghostwritten sixteen books on business, finance, and leadership. A former business journalist, she was a correspondent in the Chicago bureau of Reuters America. Her articles have appeared in the New York Times, Chicago Tribune, Boston Globe, and other prestigious national newspapers. Crisafulli has written articles for the "Leisure & Arts" page of the Wall Street Journal and has appeared on television and radio across the country.

Back cover copy

Praise for THE HOUSE OF DIMON "Without the profanity and showmanship, Jamie, within the world of business, reminds me most of George S. Patton, America's premier WWll battlefield general. Both read history, prepared meticulously, and led from the front—innovatively and instinctively. Both were confrontational. When asked what unit they had served in during the war, most members of the Third Army responded proudly and simply, 'I was with Patton.' Perhaps one day those at JPMorgan will say the same." —Wick Simmons, former CEO of NASDAQ and Prudential Securities "If you care about what it takes to be a successful CEO in the most complicated market ever, you will want to read The House of Dimon. Patricia Crisafulli has captured the growth and development of one of the most outstanding CEOs of our time." —Frank Zarb, Managing Director of Hellman & Friedman LLC "The House of Dimon is a great read, allowing you to observe Dimon's actual strategic actions. He's a leader who doesn't obsess over predicting the future but sets his organization on its toes ready to move in any direction when a problem or opportunity arises. For readers interested in real leadership, it's an action thriller. Dimon walks the talk, doing the right thing even when it hurts in the short term." —William J. White, retired chairman and CEO of Bell & Howell Company; Professor of Engineering and Applied Science, Northwestern University "Crisafulli has accomplished a major feat: gleaning the lessons-to-be-learned from the life thus far of Jamie Dimon, a man of extraordinary talent, rock-solid philosophy of life, and boundless energy, as well as capturing the essence of many of the financial industry's key personalities, explaining in layman's terms the financial instruments, environment, and events of the last two decades. She has done it all in a fast-paced page-turner. The book illustrates principles we'd all benefit from living by. I wish all my business associates and students read this book." —Warren L. Batts, Adjunct Professor of Strategic Management, University of Chicago Booth School of Business; former CEO of Tupperware Corp., Premark International, Mead Corp., and Triangle Corp. "The subtitle of this book could easily be 'How Do You Fit All Jamie Dimon's Accomplishments in One Book?' Jamie is an inspiration to all who have the privilege of knowing him or working with him." —Harvey Mackay, author of the New York Times #1 bestseller Swim With the Sharks Without Being Eaten Alive