Dimon jamie biography of william shakespeare

On November 1,the man Dimon had once referred to as a second father asked him to resign. Dimon said several years later in Money magazine, "It was a surprise. And yes, it was hard, because that company was my baby, my family" February Dimon had been forced out.

Dimon jamie biography of william shakespeare: Jamie Dimon is quick

Given the choice between his own children and his "adopted" son, Sandy Weill had favored his blood. Ironically both of Weill's children wound up leaving their father's firm. The news of Dimon's departure seemed to stun Wall Streetwhich had expected Dimon to become chairman of Citigroup after Weill's retirement. Sally Krawcheck, the analyst at Sanford C.

I went through mourning, denial, all that stuff. This is a man who is tremendously respected" November 3, In fact Dimon was so well respected that when he stepped onto the Salomon Smith Barney trading floor after handing in his resignation, one thousand traders responded by giving him a standing ovation. In the Washington Post a Salomon investment banker said, "We all wanted to hate him, but he turned out to be a real quality guy.

He was thoughtful and always willing to spend time explaining" November 3, In a coincidental twist, in Krawcheck joined Citigroup as director of research for its Smith Barney Division — the unit Dimon had helped build. He compared the situation to a Shakespearean tragedy, casting himself as the Earl of Kent, who paid the price for challenging the authority of King Lear.

On March 27,after an month break from the financial-services industry, Dimon became the chairman and CEO of Bank One, the fifth-largest bank in the country. Dimon said he turned down top jobs at Amazon. As he told Money magazine, he came to his decision after taking more than a year off: "I just took out that old white pad: Maybe I want to be an investor.

Maybe I want to be a teacher. Maybe I want to write books. Maybe I want to stay home and be with my kids when they're growing up. I thought about all of that, and I was very open-minded about it, and what I came to is: My craft is financial services.

Dimon jamie biography of william shakespeare: William Shakespeare was an

Right or wrong, that's what I know, and I'm pretty good at it" February Dimon backed up his words with cash, buying two million shares of his new company. He remarked in Money magazine, "Ownership is a critical thing. Even if you run a retail store, you think, 'Hey, it's my store, my company,' and you run it like it's your own. And I learned that from Sandy" February He severed relationships with corporate borrowers that failed to purchase the company's more profitable services, such as money management and stock underwriting, and closed the much-hyped but unprofitable online division, WingspanBank.

Each of the company's 1, offices were ordered to post profit-and-loss statements, and branch managers were compensated based on net revenues, not sales. Dimon scrutinized every dollar the company spent. As reported by Moneywhen a high-level executive informed him of the numerous subscriptions held by the company, Dimon said, "You're a businessman; pay for your own Wall Street Journal " February During this period Dimon's conservative side emerged.

After taking the reins at Bank One, he immediately implemented a complex risk-management system that left the company with a more diversified investment portfolio. The procedure put in place by that system led Bank One to reduce loans to WorldCom and other risky firms by billions of dollars — before the technology market tanked; Dimon's leadership was prescient.

Dimon judiciously turned down several possible deals. After earning an M. The following year, at age of 30, Dimon was appointed chief financial officer CFO of Commercial Credit and later became the firm's president. He was chief operating officer COO of both the insurer Travelers and the brokerage firm Smith Barney from towhen he became president of Citigroup.

Both his father and grandfather were stockbrokers at Shearson. At Tufts, he wrote a paper on Shearson's mergers, which his mother sent to Sandy Weillwho then hired Dimon to work at Shearson during a summer break, doing budgets. After graduating, Dimon worked in management consulting at Boston Consulting Group [ 11 ] for two years before enrolling at Harvard Business School.

During the summer while he was a student at Harvard, he worked at Goldman Sachs. Sandy Weill left American Express inand Dimon followed him. The two then took over Commercial Credita consumer finance company, from Control Data. At age 30, Dimon was appointed chief financial officer[ 16 ] helping turn around the company. Inthrough a series of mergers and acquisitions, Dimon and Weill formed a large financial services conglomerate: Citigroup.

But Dimon left Citigroup in Novemberafter Weill asked him to resign during a weekend executive retreat. Bibliowicz, [ 18 ] although that happened more than a year before Dimon's departure. At least one other account cites, as the real reason, a request by Dimon to be treated as an equal. On September 26,Dimon was involved in a high-profile heated exchange with Mark Carneythe dimon jamie biography of william shakespeare of the Bank of Canadain which Dimon said provisions of the Basel III international financial regulations discriminate against U.

Dimon's stewardship, the Company has fortified its control infrastructure and processes and strengthened each of its key businesses, while continuing to focus on strengthening the Company's leadership capabilities across all levels. Dimon described the settlement as "unfair," and said he "had to control his rage" regarding the topic, with most of the government claims against his company being for dealings that took place at companies before JPMorgan Chase bought them, as a result of the financial crisis.

Dimon is one of the few bank chief executives to have become a billionaire, largely because of his stake in JPMorgan Chase. Dimon carries everywhere a sheet of paper on which he writes lists of things to do, things to check up on, and things to remember, which he systematically crosses off. From toDimon donated primarily to the Democratic Party.

Obama eventually named Timothy Geithner to the position. In DecemberDimon joined a business forum assembled by then president-elect Donald Trump to provide strategic and policy advice on economic issues. During the Democratic Party presidential primariesDimon criticized the lack of a "strong centristpro-business, pro- free enterprise " candidate.

In Dimon "thought about thinking about" starting his own presidential campaign, but decided that it would be too unpopular to succeed. In May—JuneDimon was encouraged by American billionaire and hedge fund manager Bill Ackman to run in the United States presidential electionafter the former expressed his interest in pursuing a public office sometime in the future.

They have three daughters: Julia, Laura, and Kara Leigh. Dimon was diagnosed with throat cancer in Contents move to sidebar hide. Article Talk. Read Edit View history. Tools Tools. Download as PDF Printable version. In other projects. Wikimedia Commons Wikiquote Wikidata item. American banker and businessman born Judith Kent. Early life and education [ edit ].

Career [ edit ]. Commercial Credit and transition into Citigroup [ edit ]. Move to J. Morgan [ edit ]. Fines and legal settlements [ edit ]. Compensation [ edit ]. Approach to business [ edit ]. Political activity [ edit ]. Personal life [ edit ]. Awards and honors [ edit ]. References [ edit ]. Archived from the original on July 21, Retrieved February 2, Archived from the original on July 19, American Banker.

New York Times. LA Times. Biographies MarketsWiki Page of the Day. Navigation menu Personal tools Log in. Namespaces Page Discussion. In William, aged only 18, married an older woman named Anne Hathaway. They had three children, Susanna, Hamnet and Juliet. Their only son Hamnet died aged just After his marriage, information about the life of Shakespeare is sketchy, but it seems he spent most of his time in London — writing and acting in his plays.

Due to some well-timed investments, Shakespeare was able to secure a firm financial background, leaving time for writing and acting. The best of these investments was buying some real estate near Stratford inwhich soon doubled in value. It is thought that during the s he wrote the majority of his sonnets.

Dimon jamie biography of william shakespeare: James Dimon rediscovered Shakespeare shortly

This was a time of prolific writing and his plays developed a good deal of interest and controversy. His early plays were mainly comedies e. Henry V. By the early Seventeenth Century, Shakespeare had begun to write plays in the genre of tragedy. These plays, such as HamletOthello and King Learoften hinge on some fatal error or flaw in the lead character and provide fascinating insights into the darker aspects of human nature.