jamie dimon
Executive summary:
In this report we try to evaluate the performance of CEO & chairman of JP Morgan Chase James Dimon. In a nutshell, the paper discusses several periods of Mr. Dimon’s career, examining his performance at one of the world’s leading financial organizations and provides a comprehensive summary of his leadership.
Having been named as CEO of the year by BusinessWeek in 2007 and included in the list of top 100 most influential people in the world according to Times magazine (what year?), to being accused in a Forbes article of grave blunders and running a company “that places little value on compliance and business integrity” in 2013; His career has certainly been full on controversy. Was this a classic example of the halo effect at work? By scrutinizing his performance, we tried to assess if the judgment of these analysts and reporters was simply clouded by the then recent events that had affected JP Morgan Chase or whether their claims held some validity. We often placed emphasis on the timing of business press articles: we assigned less importance for articles…
Our assessment of the New York born Chief Executive Officer comprises a personal background and a brief look at his career prior to JP Morgan Chase. We also examined some of Dimon’s career milestones at JP Morgan Chase: his performance prior to the 2008 financial crisis contrasting it with that following the crisis, the regulatory concerns that JP Morgan Chase had in more recent times as well as bigger scandal that took place in 2012 and involved several billions of trading losses (also known as London Whale).
We then proceeded to examine his leadership at the company in more detail using two main frameworks. Firstly, we looked at the pattern of accountability that he instilled in the company in the context of of the above events that transpired at the company: the decentralization policy he implemented, the performance evaluation and incentive structure used. Moreover we supplemented
In this report we try to evaluate the performance of CEO & chairman of JP Morgan Chase James Dimon. In a nutshell, the paper discusses several periods of Mr. Dimon’s career, examining his performance at one of the world’s leading financial organizations and provides a comprehensive summary of his leadership.
Having been named as CEO of the year by BusinessWeek in 2007 and included in the list of top 100 most influential people in the world according to Times magazine (what year?), to being accused in a Forbes article of grave blunders and running a company “that places little value on compliance and business integrity” in 2013; His career has certainly been full on controversy. Was this a classic example of the halo effect at work? By scrutinizing his performance, we tried to assess if the judgment of these analysts and reporters was simply clouded by the then recent events that had affected JP Morgan Chase or whether their claims held some validity. We often placed emphasis on the timing of business press articles: we assigned less importance for articles…
Our assessment of the New York born Chief Executive Officer comprises a personal background and a brief look at his career prior to JP Morgan Chase. We also examined some of Dimon’s career milestones at JP Morgan Chase: his performance prior to the 2008 financial crisis contrasting it with that following the crisis, the regulatory concerns that JP Morgan Chase had in more recent times as well as bigger scandal that took place in 2012 and involved several billions of trading losses (also known as London Whale).
We then proceeded to examine his leadership at the company in more detail using two main frameworks. Firstly, we looked at the pattern of accountability that he instilled in the company in the context of of the above events that transpired at the company: the decentralization policy he implemented, the performance evaluation and incentive structure used. Moreover we supplemented
References: Benoit, David, “Jamie Dimon Would Take a Thank-You for Bear Stearns”, Wall Street Journal, October 10, 2012 Benoit, David, “Visa Names Dimon Lieutenant Charlie Scharf as New CEO”, Wall Street Journal, October 24, 2012 Steinberg, Julie, “Heidi Miller: Women on Wall Street Need to Ask for More”, Wall Street Journal, September 25, 2012 Kopecki, Dawn, “JPMorgan Executives Todd Maclin, Heidi Miller Said to Plan Leaving Posts”, Bloomberg, June 6, 2011 Craig, Susanne, “JPMorgan Shuffles Management Ranks”, New York Times, January 12, 2012 Brown, Abram, “Ghost Of Bear Stearns Haunts JPMorgan: N.Y Schaefer, Steve, “A Look Back At Bear Stearns, Five Years After Its Shotgun Marriage To JPMorgan”, Forbes, March 14, 2013 Fitzpatrick, Dan, “Vote Strengthens Dimon’s Grip”, Wall Street Journal, May 21, 2013 Tully, Shawn, “Jamie Dimon’s Swat Team”, CNN Money, September 2, 2008 Reilly, David, “An uneasy peace after Dimon’s war”, Wall Street Journal, May 21, 2013 Kelton, Erika, “JP Morgan and Jamie Dimon need an extreme makeover”, Forbes, January 25, 2013 Cohan, William, “Jamie Dimon on the line”, Vanity Fair, November, 2012 Langley, Monica, “Inside JP Morgan’s Blunder”, Wall Street Journal, May 18, 2012 Hiltzik, Michael, “What Jamie Dimon didn’t tell you on ‘Meet the Press’”, Los Angeles Times, May 14, 2012 Silver-Greenberg, Jessica, “JP Morgan discloses $2 billion in trading losses”, New York Times, May 10, 2012 Lowenstein, Roger, “Jamie Dimon: America’s Least-Hated Banker”, New York Times, December 1, 2010 Ross Sorkin, Andrew, “JP Morgan Pays $2 a Share for Bear Stearns”, New York Times, March 17, 2008 Silver-Greenberg, Jessica, “JPMorgan Caught in Swirl of Regulatory Woes”, New York Times, May 02, 2013 “JPMorgan CEO Jamie Dimon: London Whale Was 'The Stupidest And Most Embarrassing Situation '”, The Huffington Post, April 11, 2013 Lesova, Polya, “Dimon: London Whale issues "tempest in a teapot"”, MarketWatch, April 13, 2012 Schaefer, Steve, “Jamie Dimon: What I Learned From The London Whale”, Forbes, April 10, 2013 Silver-Greenberg, Jessica, “E-Mails Imply JPMorgan Knew Some Mortgage Deals Were Bad”, New York Times, February 06, 2013 Eskow, Richard, “What 's Wrong With Jamie Dimon Is What 's Wrong With America”, Truth-out, May 27, 2013 Liberto, Jennifer, “Jamie Dimon gets mad at Washington”, CNN Money, October 10, 2012