Jamie Dimon - America’s Least-Hated Banker

New York Times by Roger Lowenstein | Dec. 7, 2010 (Opinion)

Back in 2004, way before the mortgage bust and before Americans thought of banks as four-letter words, Jamie Dimon took charge of JPMorgan Chase & Company. Known as a tough, hands-on manager, Dimon was supposed to avert the sort of foolish risks that tempted so many of his peers. And sure enough, he was different.

Instead of reviewing brief summaries of the bank’s operations, as his predecessor had, Dimon demanded to see the raw data — ... Full Story »

Posted by Doug Greer - via Columbia Journalism Review, New York Times (Most Emailed), Salvador Sala (t), Peter Avalos (t), Ish Harshawat (t)

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Subjects: World, U.S., Business, Media
Topics: Global Economy, U.S. Economy, Finance, Bad Journalism
Member Tags: james dimon, jpmorgan chase & company, subprime mortgage crisis, banking and financial institutions, jpm, nyse
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Posted by: Posted by Doug Greer - Dec 1, 2010 - 7:57 AM PST
Reviewed by: Doug Greer (review), Balkans Business News (review)
Content Type: Article
Edit Lock: This story can be edited
Edited by: Doug Greer - Dec 7, 2010 - 8:35 AM PST
Related Comments: Bad Journalism (4) | Global Economy (2)

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Doug Greer
1.3
 by Doug Greer - Dec. 7, 2010

This seems to be a great example of when "journalists" become publicists. Correction: Lowenstein is not a journalist. That's not a surprise. From the end of the article: Roger Lowenstein, an outside director of the Sequoia Fund, is a contributing writer and the author of “The End of Wall Street.”

Highly overpaid CEO's always project an air of competence and power. Real journalists have to get beyond this facade and deal with the real facts and statistics.

When Dimon arrived at J. P. Morgan, Bill Winters, the co-head of the investment bank, had heard that Dimon viewed derivatives trading as excessively risky. Winters ... More »

Doug posted this story.
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Balkans Business News
4.0
 by Balkans Business News - Dec. 8, 2010
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