filmov
tv
How Jamie Dimon became king of Wall Street
Показать описание
#WallStreet #yahoofinance #youtube
Jamie Dimon- unless you’ve had your head buried in the sand for the last 20 years, you’ve probably heard that name. He’s the Chairman and CEO of JPMorgan Chase (JPM), and perhaps the most well known banker on the planet. Dimon was officially named CEO in 2006, but his true rise to stardom came during the 2008 financial crisis Born in New York City to a family of bankers, Dimon went to Tufts University where he studied philosophy and economics, followed by Harvard Business School, before starting his career at American Express (AXP). It was there that Jamie Dimon became the protege of legendary financier Sandy Weill and in 1985 they both left AMEX to run consumer financing company, Commercial Credit, under Weill’s leadership. Over the next decade, Dimon and Weill made a series of large mergers and acquisitions, including Primerica (PRI), Travelers Corp (TRV), and Solomon Brothers, until brokering a massive $76 billion merger to form Citigroup (C) in 1998. Not long after, Weill asked Dimon to resign. “I was fired in 1998. It’s a painful thing. My boss who I had worked with for 15 years, called me in and said, ‘we want you to resign,”’ Dimon said while speaking to Harvard graduates back in 2009. But nonetheless, he went off to find success on his own, landing a job as CEO of Bank One, which was one of America’s largest banks at that time. In 2004, Bank One was acquired by JPMorgan Chase (JPM) and on January 1, 2006 Dimon was named CEO.. He led JPMorgan through the financial crisis of 2008, acquiring battered competitors Bear Sterns and Washington Mutual, which became major contributors to JPMorgan’s expansion into Europe and Asia. “Our finest year was 2009. Our profits were down, I think, like 50% or 60%. But we stood behind our clients around the world, governments, city-states, schools, hospitals. And that was the finest year we had,” Dimon told Yahoo Finance in a 2019 interview. Today, with more than $3.3 trillion in assets under management, JPMorgan Chase is the largest bank in America. And Jamie Dimon? He’s worth a cool $1.5 billion according to Forbes, and he sits atop a hard-earned throne as the undisputed king of Wall Street.
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
Connect with Yahoo Finance:
Jamie Dimon- unless you’ve had your head buried in the sand for the last 20 years, you’ve probably heard that name. He’s the Chairman and CEO of JPMorgan Chase (JPM), and perhaps the most well known banker on the planet. Dimon was officially named CEO in 2006, but his true rise to stardom came during the 2008 financial crisis Born in New York City to a family of bankers, Dimon went to Tufts University where he studied philosophy and economics, followed by Harvard Business School, before starting his career at American Express (AXP). It was there that Jamie Dimon became the protege of legendary financier Sandy Weill and in 1985 they both left AMEX to run consumer financing company, Commercial Credit, under Weill’s leadership. Over the next decade, Dimon and Weill made a series of large mergers and acquisitions, including Primerica (PRI), Travelers Corp (TRV), and Solomon Brothers, until brokering a massive $76 billion merger to form Citigroup (C) in 1998. Not long after, Weill asked Dimon to resign. “I was fired in 1998. It’s a painful thing. My boss who I had worked with for 15 years, called me in and said, ‘we want you to resign,”’ Dimon said while speaking to Harvard graduates back in 2009. But nonetheless, he went off to find success on his own, landing a job as CEO of Bank One, which was one of America’s largest banks at that time. In 2004, Bank One was acquired by JPMorgan Chase (JPM) and on January 1, 2006 Dimon was named CEO.. He led JPMorgan through the financial crisis of 2008, acquiring battered competitors Bear Sterns and Washington Mutual, which became major contributors to JPMorgan’s expansion into Europe and Asia. “Our finest year was 2009. Our profits were down, I think, like 50% or 60%. But we stood behind our clients around the world, governments, city-states, schools, hospitals. And that was the finest year we had,” Dimon told Yahoo Finance in a 2019 interview. Today, with more than $3.3 trillion in assets under management, JPMorgan Chase is the largest bank in America. And Jamie Dimon? He’s worth a cool $1.5 billion according to Forbes, and he sits atop a hard-earned throne as the undisputed king of Wall Street.
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
Connect with Yahoo Finance:
0:02:02
0:07:07
0:16:12
0:22:32
0:03:31
0:00:48
0:00:51
0:34:32
0:00:39
0:42:56
0:00:54
0:00:40
0:00:47
0:00:59
0:05:51
0:40:22
0:58:03
0:15:37
1:07:51
0:01:02
0:08:04
0:05:04
0:04:04
0:00:50