The House of Dimon: How JPMorgan's Jamie Dimon Rose to the Top of the Financial World

ISBN-13: 9780470924693 / Angielski / Miękka / 2011

Patricia Crisafulli

Opis

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 protZgZ 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.

Spis treści

Preface.

Acknowledgments.

Part One: In the Eye of the Storm.

Chapter 1 The Dimon Way.

Running the House of Dimon.

The Rise, Fall, and Rise of Jamie Dimon.

What You See Is What You Get.

Straight Talk about a Credit Crisis.

Never, Ever Forget the Downside.

A Culture of Transparency.

Doing What It Takes to Get the Job Done.

Chapter 2 Taking a Bear–Sized Bite.

No Ordinary Deal.

Presenting the Deal to Shareholders.

Step–by–Step Through the Deal That Changed Everything.

Reining In the Risks.

On Dimon s Shoulders.

Part Two: The Making of a Wall Street Leader.

Chapter 3 The Weill Years: In the Trenches.

The Making of Jamie Dimon.

The Market in His Blood.

Going to Work for Weill.

The Rise of Sandy Weil.

In the Trenches at Commercial Credit.

Buying Primerica A New Second Chance.

Chapter 4 A Force on Wall Street.

Primerica Grows.

A New Team for a New Corporate Entity.

Growing Tensions.

The Deal of Deals.

The Firing of Jamie Dimon.

Chapter 5 The Recruitment of Jamie Dimon.

Life after Citigroup.

Bank One s Search for a CEO.

The New Bank One CEO.

Taking Over as CEO.

A House Divided.

The Beginning of a New Culture of Accountability.

Chapter 6 The Turnaround of Bank One.

New Players for the Team.

Welcome to Boot Camp.

Taking It to the Street.

Turning Around Bank One.

Straight Talk from the New CEO.

The Fortress Balance Sheet Debut.

Restoring Profitability.

Chapter 7 Back on Wall Street.

The House of Morgan.

The Deal That Almost Didn t Happen.

Delving into JPMorgan Chase.

Dimon Takes Over.

The Storm of 2007.

The Wall Street Statesman.

Part Three: Weathering the Storm.

Chapter 8 The Dimon Fortress.

Strong Defense, Strategic Offense.

The Signature Phrase.

It Always Pays to Be Prepared.

No Resting on the Laurels.

Advice and a History Lesson.

Stress Testing Assets.

Having Real Capital.

The Long–Term View.

Chapter 9 Taking Over WaMu: A Sign of the Times.

Welcome WaMu.

Washington Mutual Runs into Trouble.

A Strategic Fit for JPMorgan.

First–Class Banking Meets Whoo Hoo! .

A Somber Picture.

Failure and Takeover: A Sign of the Times.

More Acquisitions in the Future?

Waiting for What Comes Next.

Chapter 10 Navigating Financial Storms.

A Brief Postmortem of a Complicated Crisis.

Bubbles Are Trouble.

Even the Best Model Can t Predict Everything.

Blame the Underwriting.

Launch New Products Cautiously.

Risk at One Firm Affects Others.

More Regulation Is Coming.

Bolder, Braver Leaders.

Chapter 11 A Wall Street Statesman.

The Hard Work of Being a Leader.

Family, Humanity, and Then JPMorgan.

Loyal to the End.

Notes.

About the Author.

Index.

O autorze

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.

Blurb

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