From being fired once to being a CEO of one of the largest American banks
1 min read
Jamie Dimon was born in 1956. He majored in psychology & economics. He spent 2 years in a management consulting firm, before enrolling at Harvard. Graduated in 1982 as a Baker Scholar, he then joined American Express as an assistant
Dimon quit American Express in 1985 & later along with Weill took over the consumer #finance company commercial credit In 1998, the duo formed the largest financial services firm Citigroup. Eventually, the news came out that Dimon left Citigroup in 1998 after Weill asked him to resign. But later it was confirmed by Dimon that Weill had fired him
Dimon was, briefly, the chairman & co-CEO of Salomon Smith Barney Holdings, before the merger & formation of Citigroup. In 2000 he became the CEO of Bank One. Eventually, JPMorgan Chase & Co. purchased Bank One in 2004 & in 2005, he was named its CEO
In 2012, JPMorgan faced a loss of $2B in trades & in the recent Dimon has faced the London Whale problem, which involved huge losses. He was accused of mortgage securities in 2013. Yet after so much backstabbing & accusations, Jamie remains one of the most respected business executives.
In his lines,
Don’t let your self worth be impacted by your net worth.
