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

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Edition: 1st
Format: Hardcover
Pub. Date: 2009-04-06
Publisher(s): Wiley
List Price: $26.70

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Summary

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, 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, Bell & Howell Company; Professor, 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 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

Author Biography

Jamie Dimon has flourished by avoiding alluring, but potentially catastrophic risks and taking advantage of strategic opportunities. During one of the most difficult and tumultuous periods in Wall Street history, he 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.

Patricia Crisafulli is an accomplished business writer and author who has written or ghostwritten sixteen books on business, finance, and leadership. A former 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.

Table of Contents

Prefacep. ix
Acknowledgmentsp. xiii
In the Eye of the Storm
The Dimon Wayp. 3
Running the House of Dimonp. 7
The Rise, Fall, and Rise of Jamie Dimonp. 10
What You See Is What You Getp. 14
Straight Talk about a Credit Crisisp. 15
Never, Ever Forget the Downsidep. 18
A Culture of Transparencyp. 20
Doing What It Takes to Get the Job Donep. 23
Taking a Bear-Sized Bitep. 25
No Ordinary Dealp. 27
Presenting the Deal to Shareholdersp. 29
Step-by-Step Through the Deal That Changed Everythingp. 32
Reining In the Risksp. 41
On Dimon's Shouldersp. 42
The Making of a Wall Street Leader
The Weill Years: In the Trenchesp. 49
The Making of Jamie Dimonp. 52
The Market in His Bloodp. 53
Going to Work for Weillp. 56
The Rise of Sandy Weilp. 58
In the Trenches at Commercial Creditp. 60
Buying Primerica-A New Second Chancep. 65
A Force on Wall Streetp. 71
Primerica Growsp. 74
A New Team for a New Corporate Entityp. 77
Growing Tensionsp. 80
The Deal of Dealsp. 85
The Firing of Jamie Dimonp. 89
The Recruitment of Jamie Dimonp. 91
Life after Citigroupp. 92
Bank One's Search for a CEOp. 95
The New Bank One CEOp. 102
Taking Over as CEOp. 105
A House Dividedp. 107
The Beginning of a New Culture of Accountabilityp. 108
The Turnaround of Bank Onep. 111
New Players for the Teamp. 113
Welcome to Boot Campp. 116
Taking It to the Streetp. 117
Turning Around Bank Onep. 119
Straight Talk from the New CEOp. 128
The Fortress Balance Sheet Debutp. 129
Restoring Profitabilityp. 130
Back on Wall Streetp. 133
The House of Morganp. 136
The Deal That Almost Didn't Happenp. 139
Delving into JPMorgan Chasep. 142
Dimon Takes Overp. 146
The Storm of 2007p. 150
The Wall Street Statesmanp. 151
Weathering the Storm
The Dimon Fortressp. 155
Strong Defense, Strategic Offensep. 157
The Signature Phrasep. 158
It Always Pays to Be Preparedp. 159
No Resting on the Laurelsp. 162
Advice and a History Lessonp. 164
Stress Testing Assetsp. 165
Having Real Capitalp. 166
The Long-Term Viewp. 170
Taking Over WaMu: A Sign of the Timesp. 171
Welcome WaMup. 173
Washington Mutual Runs into Troublep. 175
A Strategic Fit for JPMorganp. 176
"First-Class" Banking Meets "Whoo Hoo!"p. 179
A Somber Picturep. 180
Failure and Takeover: A Sign of the Timesp. 182
More Acquisitions in the Future?p. 186
Waiting for What Comes Nextp. 187
Navigating Financial Stormsp. 189
A Brief Postmortem of a Complicated Crisisp. 191
Bubbles Are Troublep. 192
Even the Best Model Can't Predict Everythingp. 195
Blame the Underwritingp. 196
Launch New Products Cautiouslyp. 199
Risk at One Firm Affects Othersp. 200
More Regulation Is Comingp. 201
Bolder, Braver Leadersp. 203
A Wall Street Statesmanp. 209
The Hard Work of Being a Leaderp. 211
Family, Humanity, and Then JPMorganp. 212
Loyal-to the Endp. 217
Notesp. 219
About the Authorp. 233
Indexp. 235
Table of Contents provided by Ingram. All Rights Reserved.

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