jamie dimon recovery

Jamie Dimon, the longtime chairman and chief executive of JPMorgan Chase, had an emergency medical procedure on his heart on Thursday, according to a memo sent to bank employees. Through a series of mergers and acquisitions, in 1998 Dimon and Weill were able to form a large financial services conglomerate, Citigroup. ; JPMorgan Chase CEO Jamie Dimon receives the Golden Plate Award from the Mayor of Chicago, Richard M. Daley", "JPMorgan Chase & Co.'s Jamie Dimon to be Honored as The Executives' Club of Chicago's 2010 International Executive of the Year", "NACD Announces the 2011 Directorship 100, Honorees include JPMorgan Chase's Jamie Dimon, Netflix' Reed Hastings and Starbucks Corporation's Mellody Hobson", "Intrepid's 21st Annual Salute to Freedom Gala", "Jamie Dimon and Luis Carlos Sarmiento Angulo Honored at Americas Society 36th Annual Spring Party", "Smith Barney's Whiz Kid. Jamie Dimon (/ ˈ d aɪ m ə n /; born March 13, 1956) is an American business executive.He is chairman and CEO of JPMorgan Chase, the largest of the big four American banks, and was previously on the board of directors of the Federal Reserve Bank of New York.
To policymakers, I say where were they? [65], Commercial Credit and Transition into Citigroup, CS1 maint: BOT: original-url status unknown (, WSJ VOL. JPMorgan officials are always quick to offer the reminder that succession isn’t really up to Mr. Dimon — rather, it’s up to the bank’s board.

[9] However, his pay was cut by half to $11.5 million in the fiscal year 2012 by JPMorgan Chase following a series of controversial trading losses amounting to $6 billion.

JPM is the leading US bank by assets ($2.74 trillion), followed by Bank of America. Mr. Smith, who joined JPMorgan from American Express in 2007, is his consumer banking counterpart.
"[34], As head of JPMorgan Chase, Dimon 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).

“The government has been pretty responsive; the Federal Reserve has been very responsive.

Nonetheless, Dimon has often publicly disagreed with some of Obama's policies. I think it's very counterproductive.

", "JP Morgan boss Jamie Dimon back at work after heart surgery", "Is Dimon's work done at JPMorgan Chase?

“He is awake, alert and recovering well,” it said. According to Carl Levin, chairman of this panel, JP Morgan had "a trading operation that piled on risk, ignored limits on risk taking, hid losses, dodged oversight and misinformed the public". He underwent chemotherapy, and did not step away from his duties. [43], After Obama won the 2008 presidential election, there was speculation that Dimon would serve in the Obama Administration as Secretary of the Treasury. [23] In his 2005 University of Chicago Graduate School of Business Fireside Chat and 2006 Kellogg School of Management interviews, Dimon confirmed that Weill fired him. Following the acquisition of Washington Mutual by JPMorgan Chase, Obama commented on Dimon's handling of the real-estate crash, credit crisis, and the banking collapse affecting corporations nationwide, including major financial institutions like Bank of America, Citibank, and Wachovia (later acquired by Wells Fargo). https://www.nytimes.com/2020/03/05/business/jamie-dimon-heart-surgery.html At least one other account cites a request by Dimon to be treated as an equal as the real reason. It’s unclear how long Mr. Dimon’s recovery will take. [46] Dimon was one of three CEOs—along with Lloyd Blankfein and Vikram Pandit—said by the Associated Press to have had liberal access to former Treasury Secretary Timothy Geithner. David Enrich and Gina Kolata contributed reporting. ", "Golden Plate Awardees of the American Academy of Achievement", "2006 Summit Highlights Photos: Presidential advisor David Gergen moderates a lively discussion of "Public-Private Partnerships" with Mayor Richard Daley and JPMorgan Chase CEO Jamie Dimon. [14], He majored in psychology and economics at Tufts University, where he graduated summa cum laude. JP Morgan's chief executive Jamie Dimon is recovering from emergency heart surgery – shining a spotlight on the bank's succession plans, with a British executive among frontrunners to replace him. Hopefully, we’re keeping the small ones alive.”. Its customers make up a sizable chunk of the American population.

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