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.
Includes interviews with Dimon himself, Sandy Weill, and colleagues who've known Dimon over the course of his career Shows how Dimon's management style and talent for taking calculated risks have allowed him to excel where many others have failed Places Dimon in the context of contemporary Wall Street, an environment that has destroyed several top CEOs
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.
By:
Patricia Crisafulli
Imprint: John Wiley & Sons Inc
Country of Publication: United States
Dimensions:
Height: 224mm,
Width: 147mm,
Spine: 23mm
Weight: 318g
ISBN: 9780470924693
ISBN 10: 0470924691
Pages: 272
Publication Date: 28 January 2011
Audience:
General/trade
,
ELT Advanced
Format: Paperback
Publisher's Status: Active
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
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.
