Download The House of Dimon: How JP Morgan's Jamie Dimon Rose to the Top of the Financial World AudioBook Free
Praise for The House of Dimon "Without the profanity and showmanship, Jamie, within the business world, reminds me most of George S. Patton, America's leading WWll battlefield basic. Both read history, prepared meticulously, and led from the leading—innovatively and instinctively. Both were confrontational. When asked what unit they had offered in during the war, most participants of the Third Army responded proudly and, 'I was with Patton.' Perhaps one day those at JPMorgan will say the same."
—Wick Simmons, past CEO of Nasdaq and Prudential Securities "In the event that you care about what it takes to be always a successful CEO in the most complicated market ever before, you should read The House of Dimon. Patricia Crisafulli has captured the expansion and development of 1 of the very most outstanding CEOs in our time."
—Frank Zarb, Controlling Director, Hellman & Friedman LLC "THE HOME of Dimon is a great read, letting you observe Dimon's genuine strategic activities. He's a leader who doesn't obsess over predicting the future but pieces his firm on its feet ready to move around in any direction whenever a problem or opportunity arises. For viewers thinking about real management, it's an action thriller. Dimon walks the conversation doing the right thing even though it hurts for a while."
—William J. White, retired chairman and CEO, Bell & Howell Company; Teacher, Executive and Applied Science, Northwestern College or university "Crisafulli has accomplished a major feat: gleaning the lessons-to-be-learned from the life span thus far of Jamie Dimon, a man of extraordinary expertise, rock-solid beliefs of life, and boundless energy, as well as capturing the essence of many of the financial industry's key personalities, describing in layman's conditions the financial tools, environment, and situations of the last two decades. She's done it all in a fast-paced page-turner. The booklet illustrates ideas we'd all reap the benefits of living by. I wish all my business associates and students read this booklet."
—Warren L. Batts, Adjunct Teacher of Strategic Management, College or university of Chicago University of Business; past CEO of Tupperware Corp., Premark International, Mead Corp., and Triangle Corp. "The subtitle of this booklet could easily be 'How WILL YOU Fit All Jamie Dimon's Accomplishments in One Book' Jamie is an inspiration to all who've the privilege of knowing him or working with him."
—Harvey Mackay, author of the New York Times #1 bestseller Swim While using Sharks WITHOUT HAVING TO BE Eaten Alive
Jamie Dimon on
The Credit ProblemsI think youre heading to be writing and learning out of this for years: conditions and literature about different things from SIVs to accounting to the business purpose of CDO-squareds to regulatory guidelines to globalization to the balkanization of regulation . Honestly, I think if you made a list today, you almost certainly wouldnt get half of these. Were in the heavy from it.
Lessons Learned
Experience and judgment-I dont think theyre replaceable. You go to a lot of businesses-they dont bear in mind how bad things can get. It requires anyone who has been there. We won't forget the aftermath of the casing bubble, but 40 years from now, believe me, someone is going to forget again anywhere.
Coping with the Downside
Look enabling you to be wrong; say when youre wrong. If you ask me its important to achieve that because I'd like everybody to achieve that, so that people actually make a better decision the next time.
Buying Carry Stearns
We werent thinking of buying Carry Stearns. We wouldnt have bought it on its own, but we were asked to look at it. We understood the financial system was extremely sensitive and Lehman [Brothers individual bankruptcy] helped demonstrate that.
The Carry Stearns Discussions
The amazing story wasnt the financial executive. After I acquired the decision from [Carry Stearns CEO] Alan Schwartz, I called [JPMorgan Investment Lender co-CEOs] Steve African american and Bill Winters, and then we had 50 or 100 people get dressed and get back to work. And by 12 time later, there were 500 and 1,000 people focusing on it in every department: relationship trading, equity, collateral derivatives, all these areas-tax, legal, compliance, systems, ops [procedures]-everyone doing their job. And thats the amazing kind of thing: people behaving that way-just seeking to find it out rapidly. That really allowed us to do [the Carry Stearns package]. And the comfort that whenever we bought the company we could actually manage everything that.
Risk Disclosure
In the event that you wouldnt treat your mother like that, dont treat the client like that. If this piece of paper tells the client how much risk theyre taking and you dont want to give it to them, theyre probably taking on too much risk. Provide them with the paper.
Financial Self-discipline
Youve surely got to have disciplined reporting and a disciplined review of [whats] reported. And its surely got to be widely shared with smart people who likewise have experience and judgment. You will lessen problems. Youll still have them, incidentally, nonetheless they should preferably be smaller and fewer.
Being Well prepared
Will have a column called most detrimental ever before and be sure you can survive under that. [College or university of Chicago Graduate University of Business, 2006]
Heading to Work for Sandy Weill
I visited help Sandy because my goal in life was not to be always a partner in an investment bank, and honestly it wasnt money. It was to develop something, whatever that meant The reason why I visited help Sandy is basically because I liked him [Kellogg University of Management, 2002]
Getting Fired by Sandy Weill
I got the president of Citigroup. I walked in and [Weill] said, I want you to resign, and believe me, it was like I got surprised. I didnt expect it in any way, condition, or form. [Kellogg University of Management, 2002]
Life after Citigroup
It damage. But as I tell people it was my world wide web value, not my self-worth, involved in the company. I didnt feel less of your person, but all of a sudden you decide to do feel kind of naked out there. You dont do that thing; you arent president of Citigroup.
Life Priorities
My children, my family-but especially the kids Im in charge of, even though theyre kind of on their own Theyre way up here. Right next compared to that is humanity. Actually, were not all here simply for ourselves.
Relationship and Children
I really do think that the hardest things to do in life are matrimony and kids. They are like complete secrets until you do it. We educate you on everything, but we dont educate you on that Youve surely got to work [at] those things. [Kellogg University of Management, 2002]