The secret to Rachel Maddow's ratings success Oct 22, 2008
JPMorgan's CEO, Jamie Dimon, has been rumored as a possible choice for Treasury secretary in an Obama administration. Could be a smart pick, if only because Dimon would take office with an intimate grounding in exactly how the federal government has already chosen to address the financial crisis. (Salon)
Next Treasury secretary? Candidate short lists Oct 20, 2008
Also mentioned as a possible contender: JPMorgan Chase CEO Jamie Dimon. McCain is close to eBay's Whitman, the only other person he mentioned at the presidential debate as a possible Treasury secretary. (San Francisco Chronicle -- Technology)
Caterpillar Chairman and CEO Jim Owens Elected Chairman of The Business Council Oct 17, 2008
Elected with Owens as Vice Chairmen were: James Dimon, Chairman, CEO dent, JPMorgan Chase Rex W. Tillerson, Chairman Exxon Mobil Corporation G. Richard Wagoner, Jr., Chairman General Motors Corporation Ronald A. Williams, Chairman Aetna Inc. The Washington-based Business Council was originally formed in 1933 as The Business Advisory Council for the Department of Commerce. In 1961, the group's name changed to The Business Council, and its scope was broadened to include advisory functions to all... (PR Newswire)
J.P. Morgan Chase Invests in Risky Loans Oct 17, 2008
"We'll probably be mad at ourselves if we didn't buy more," says JPMorgan Chief Executive Jamie Dimon. The move is probably a good one, says Malcolm Polley, chief investment officer of Stewart Capital in Pittsburgh. (Realtor Magazine Online)
U.S. banks brace for slump as economy weakens Oct 17, 2008
"We necessarily need to be prepared for a bad environment," said Jamie Dimon, JPMorgan's chairman and chief executive. With losses on housing far worse than anticipated, he said the bank was "getting braced" to increase its reserves against losses on loans over the next couple of quarters, and for "very tough" trading results. (International Herald Tribune -- Business)
Football preview Oct 17, 2008
Two-way lineman Adam Dimon and running back/defensive back Josh Murphy will be out for the game against Cranston West. Two-way lineman Antonio Asermelly, running back/defensive back Colton Place, and tight end/defensive end Joshua Martin are all uncertain heading into the next game. (Westerly Sun, RI)
Rates lower, but commercial paper drops Oct 17, 2008
JPMorgan Chase EO Jamie Dimon said Wednesday during the bank's third-quarter earnings call that he doesn't expect Libor to stay as high as it is, but that if it did, it "could cost us $100 million a month" in the credit card business. In a positive sign, the market for longer-term corporate debt appears to be improving. (AZCentral -- Business)
Citi, Merrill losses hit $12b, more red ink ahead Oct 17, 2008
They joined CIT Group Inc. CEO Jeffrey Peek and JPMorgan Chase & Co. CEO Jamie Dimon in saying the slowdown will last longer and strike deeper than many had previously expected ... If you're not fearful, you're crazy,'' JPMorgan's Dimon said Wednesday, after his New York-based bank's profit slid 84% to $US557 million. (Sydney Morning Herald -- Business)
US Credit Mart: Rates edge lower, but commercial paper drops again Oct 17, 2008
Crittenden said Libor has "put a squeeze on the cost of funding,'' and indicated that if it stays at current high levels, some of the rate could get passed onto card holders. JPMorgan Chase EO Jamie Dimon said Wednesday during the bank's third-quarter earnings call that he doesn't expect Libor to stay as high as it is, but that if it did, it "could cost us $100 million a month'' in the credit card business. In a positive sign, the market for longer-term corporate debt appears to be improving. (The Star Online, Malaysia -- Business)
Banking: From Bad To Worse? Oct 17, 2008
JPMorgan Chase Chief Executive James Dimon plans to use the bank's $25 billion injection of capital from the Treasury Department to extend credit to clients, possibly hunt for mergers and maybe even prod for some growth opportunities ... "We are not speculators," Dimon said Wednesday, when JPMorgan Chase (nyse: - - ) reported a better-than-expected 84% drop in third-quarter profits ... Bank chief executives rationally have to pull back on lending in light of increased risks, Dimon says, a spiral... (Forbes -- Business)
JPMorgan Chase Oct 16, 2008
Chairman and Chief Executive Jamie Dimon said he expects the Washington Mutual transaction to add 50 cents per share to earnings in 2009 ... "In light of the unprecedented challenges and risks facing the housing market, we have incorporated expectations of significant credit losses from Washington Mutual's home-lending portfolio into the structure of the transaction," Dimon said. (Forbes -- Markets)
Signs Of Life At JPMorgan Oct 16, 2008
"In light of the unprecedented challenges and risks facing the housing market, we have incorporated expectations of significant credit losses from Washington Mutual's home-lending portfolio into the structure of the transaction," Dimon said. "Given the uncertainty in the capital markets, housing sector and economy overall, it is reasonable to expect reduced earnings for our firm over the next few quarters.". (Forbes -- Markets)
Bank rescue: Making Wall Street pay? Oct 16, 2008
Plans to limit executive compensation for financial companies seeking government aid arent likely to affect pay for Wall Street executives like JPMorgan Chases CEO James Dimon ... 63 million in compensation for James Dimon, chairman and CEO, and four other top executives ... That's because only one executive, Dimon, earned more than $500,000 in non-incentive pay: His salary was $1 million. (MSNBC -- Politics)
JPMorgan Profit Sinks as Credit Deteriorates Oct 16, 2008
CEO Jamie Dimon said during a conference call that he expects market conditions to improve from its heightened turbulence after recent moves by the government, and that JPMorgan is still offering loans ... "If you're not fearful, you're crazy," Dimon said. (ABC News -- Wire)
JPMorgan and Wells Fargo Profits Fall, but Top Views Oct 16, 2008
"If you are not fearful, you're crazy," JPMorgan Chief Executive Jamie Dimon said on a conference call. Though quarterly profit fell 84 percent at JPMorgan and 25 percent at Wells Fargo, the banks' shares fell less than rivals as investors were heartened that tighter credit and a souring economy didn't hurt results more. (ABC News -- Wire)
LETTERS: NCT, Oct. 15, 2008 Oct 16, 2008
Just as Clinton had a "Bimbo Eruption" division, Obama has a "Radical Eruption division. Alf wrote on Oct 15, 2008 10:45 AM:Well, "Micheal" at 8:57AM,are you talking about the "liberal" program of deregulation that resulted in our "liberal" president pushing for a "liberal" $700 BILLION dollar bailout, I mean "rescue" of "liberal" uderegulated banks and "liberal" Wall Street?And the "liberal" $700 BILLION dollar SO FAR war in Iraq?Are THOSE the "liberal" programs of which you speak?Regards,... (North County Times)
Profit falls at JPMorgan as loan losses increase Oct 16, 2008
The chairman and chief executive, James Dimon, said that the bank was bracing for tougher times and that it was reasonable to expect reduced earnings over the next few quarters ... DealBook: Dimon of JP Morgan on the government's bailout moves ... "We didn't need the money," Dimon said, noting that it might benefit some banks more than others. (International Herald Tribune -- Business)
JPMorgan profits dive; Wells Fargos dip Oct 16, 2008
"Given the uncertainty in the capital markets, housing sector and economy overall, it is reasonable to expect reduced earnings for our firm over the next few quarters," said Chief Executive Jamie Dimon in a statement. He added, though, that "we feel well-positioned to handle the turbulent environment and, most importantly, to continue to invest in our businesses and serve our clients well.". (MSNBC -- Business)
Wells profit down 25%, beats expectations Oct 16, 2008
JP Morgan Chase CEO Jamie Dimon said the third quarter financial results "declined sharply, driven by markdowns on mortgage trading positions and leveraged loans, and higher credit costs due to continued deterioration in our home lending portfolio.". Reader Comments. (South Florida Business Journal, FL)
Credit crunch hits US bank profit Oct 16, 2008
Chief executive Jamie Dimon said with the uncertain economic outlook: "It is reasonable to expect reduced earnings for our firm over the next few quarters". But he insisted the bank was "well-positioned to handle the turbulent environment". (BBC News -- Business)
Blankfein's $70 Million Payday Would Survive Paulson Compensation Limits Oct 16, 2008
That's a fact,'' said Dimon, 52, who was paid a $1 million salary and total compensation of $27. 8 million last year, according to a regulatory filing. (Bloomberg)
Chase, Wells Fargo profits drop Oct 16, 2008
JPMorgan chairman and CEO Jamie Dimon saod in a release that the bank s third-quarter financial results were driven by markdowns on mortgage trading positions and leveraged loans, and higher credit costs due to continued deterioration in our home-lending portfolio. Wells Fargo posted a 25 percent drop in third-quarter net income. (Milwaukee Business Journal, WI)
Wells Fargo, JPMorgan Still Turn Profit Oct 16, 2008
"Given the uncertainty in the capital markets, housing sector and economy overall, it is reasonable to expect reduced earnings for our firm over the next few quarters," Chief Executive Jamie Dimon said in a conference call. The bank did have some bright spots during its third quarter. (Investors Business Daily)
Credit markets improve, but new troubles emerging Oct 16, 2008
It's clear that the government would like us to use the money to make loans, said JPMorgan CEO Jamie Dimon during a call with investors Wednesday. However, he added, I don't think the government is telling us what to do with the capital. (San Diego Union-Tribune -- Business)
JPMorgan Chase posts an 85% dip in profit Oct 16, 2008
Jamie Dimon, the firm's chief executive, had capitalised by taking over Bear Stearns and Washington Mutual as they collapsed earlier this year. JPMorgan Chase will get a $25 billion capital infusion from the government under an industry rescue plan that was announced on Monday. (Business Report, South Africa)
At Harvard summit, most back US move Oct 15, 2008
Jamie Dimon, chief executive of JPMorgan Chase & Co., one of the US banks that will get a cash infusion under the plan, also said he backs a coordinated effort. "They're clearly doing something, and hopefully this will help," Dimon said. (Boston Globe)
Drama behind a $250 billion banking deal Oct 15, 2008
The chairman of JPMorgan Chase, Jamie Dimon, was receptive, saying he thought the deal looked pretty good once he ran the numbers through his head. The chairman of Wells Fargo, Richard Kovacevich, protested strongly that, unlike his New York rivals, his bank was not in trouble because of investments in exotic mortgages, and did not need a bailout, according to people briefed on the meeting. (International Herald Tribune)
JPMorgan Taxed by Losses; Shares Rise Oct 15, 2008
But some segments saw improved results in the latest quarter -- with the investment bank seeing profits triple -- though Chief Executive Jamie Dimon warned, "Given the uncertainty in the capital markets, housing sector and economy overall, it is reasonable to expect reduced earnings for our firm over the next few quarters." ... Dimon has often said that expanding consumer operations beyond the U.S. is on his to-do list. (SmartMoney)
JPMorgan profit plummets on loan losses Oct 15, 2008
"Given the uncertainty in the capital markets, housing sector and economy overall, it is reasonable to expect reduced earnings for our firm over the next few quarters," Chief Executive Jamie Dimon said in a statement. The bank's adjusted loss of 6 cents per share, before an extraordinary gain related to the acquisition of Washington Mutual's banking operations, beat analyst expectations of a loss of 29 cents per share, according to Reuters Estimates. (International Herald Tribune -- Arts)
Bank CEOs meet at Treasury on rescue plan Oct 15, 2008
Most of the CEOs asked to attend Monday's meeting Lloyd Blankfein of Goldman Sachs, Morgan Stanley's John Mack, Citigroup's Vikram Pandit, Jamie Dimon of JPMorgan Chase & Co. and Kenneth Lewis of Bank of America Corp. didn't have to dash onto private jets to speed to Washington. They already were here for meetings over the weekend of the 185-nation International Monetary Fund and World Bank. (San Diego Union-Tribune -- Business)
Bailout, Part Two Oct 15, 2008
Executives including Jamie Dimon of JPMorgan, Morgan Stanley's John Mack, Bank of America's John Thain and Goldman CEO Lloyd Blankfein were part of the discussions. Treasury Secretary Henry Paulson has already said it will include a "standardized program" for the government to directly purchase a non-voting equity stake in financial companies. (Forbes -- Business)
Bank Execs Assemble in Washington to Discuss Rescue ... Oct 14, 2008
Industry heavyweights such as Lloyd Blankfein of Goldman Sachs (GS), Jamie Dimon of JPMorgan Chase (JPM), John Thain of Merrill Lynch (MER), John Mack of Morgan Stanley (MS), Vikram Pandit of Citigroup (C), Kenneth Lewis of Bank of America (BAC) and Robert Kelly of Bank of New York Mellon (BK) participated in the meeting, which took place Monday afternoon. Federal officials such as Treasury Secretary Henry Paulson and FDIC Chairman Sheila Bair and Federal Reserve chief Ben Bernanke also... (Fox News)
Seeking a partner at the dance Oct 14, 2008
For a brief, shining moment, Pandit looked like the new Jamie Dimon, the banking rock star who runs JPMorgan Chase. Then, in a blink, some thought he looked more like a Keystone Cop. (International Herald Tribune -- Business)
Dimon, Munger, Rohatyn: No More Vegas Oct 14, 2008
Wall Street giants Jamie Dimon, CEO of JP Morgan Chase; Felix Rohatyn, recently senior adviser to Lehman Brothers; and Charles Munger, Warren Buffett's curmudgeonly sidekick, predict the end of huge leverage and the return of Wall Street to an earlier era when investment firms were mainly "advising corporations and individuals globally and making solid profits overall," says Dimon, whose bank just acquired the troubled Washington Mutual and positioned itself as perhaps the strongest institution... (Forbes)
Henry Paulson lays down law as bankers hear details of $700bn bailout Oct 14, 2008
It is understood that Ken Lewis, the chief executive of Bank of America, the financial institution that has bought Merrill Lynch; Jamie Dimon, chief executive of JPMorgan Chase; Vikram Pandit, chief executive of Citigroup; and Robert Kelly, chief executive of Bank of New York Mellon, were also ordered to attend Mr Paulson s summit meeting. The plan marks a quick about-face for Washington policymakers, who until recent days had been focusing on building an apparatus to soak up bad assets from... (Times Online)
Wachovia shakeup: Analysts see JP Morgan as suitor Oct 11, 2008
He points out that JP Morgan's CEO, James Dimon, has said he would like to expand JP Morgan's branch network in the Southeast. "He would also likely find WB's over 14,000 retail brokers an attractive asset," he wrote. (Atlanta Business Chronicle, GA)
Streeters Set DC Agenda Oct 11, 2008
The team's first public event showed off its talent, drawn from some of the most powerful firms in global finance - including Goldman Sachs chief Lloyd Blankfein, JPMorgan Chase head Jamie Dimon, Blackstone head Steve Schwarzman, BlackRock CEO Larry Fink and Glenn Hutchins, co-CEO of Silver Lake Partners ... "It's not clear if New York will be the center of the world's financial system because of the legal system. . . which is corrupt and a crap shoot," said JPMorgan's Dimon. (New York Post -- Business)
Wall Street Finale: Battling to Get to the Plus Side Oct 11, 2008
At a panel discussion on Friday on the seventh floor of the New York Stock Exchange, JPMorgan Chase CEO Jamie Dimon was asked how much more credit crisis is left to play out. "Nobody really knows," he said. (Time.com)
US stocks extend huge losses over credit concerns Oct 10, 2008
Mark Lennihan James Dimon, center, Chairman and CEO of JP Morgan Chase enters the New York Stock Exchange to attend a panel discussion Friday, Oct. 10, 2008 in New York. Stock prices are swinging sharply on Wall Street, with investors still selling heavily but also scooping up stocks that have been decimated by more than a week of huge losses. (Fresno Bee -- Local)
12 Wall St execs pay: $1bn in five yrs Oct 8, 2008
The report listed out Citigroup's India-born chief executive Vikram Pandit, JP Morgan Chase's James L Dimon and Goldman Sachs' Lloyd C Blankfein, among others ... 36 million, while Dimon pocketed $108. (India Times, India)
Is Warren Buffett the New J.P. Morgan? Oct 7, 2008
Today, the most powerful banker in Gotham is Jamie Dimon, the CEO of a firm that descends (historical irony alert ... In March, Dimon's JPMorgan Chase picked up the failed investment bank Bear Stearns, and in September, he snagged the banking operations of the ailing Washington Mutual, both for a nominal price ... As a result, Dimon now commands a mammoth bank with more than $2 trillion in assets, 5,400 branches, and $900 billion in deposits. (Slate)
A consummate deal maker takes on historic role Oct 6, 2008
JPMorgan's Jamie Dimon expands empire by picking up the pieces ... The rescue of WaMu by JPMorgan Chase hief Executive Jamie Dimon, 52, following the biggest bank failure in U.S. history, marked the second time in seven months that federal regulators tapped the onetime protege of former Citigroup Inc. CEO Sandy Weill to assume the role of buyer of last resort ... in March, Dimon is assuming the role that J. Pierpont Morgan, his bank's founder, acquired early in the last century. (Albany Times Union)
FDIC chief shows she can get the job done Oct 6, 2008
"She's direct, she's clear and she's been really, really professional to deal with," says Jamie Dimon, CEO of JPMorgan Chase ... After WaMu went into receivership, Dimon got a call on Sept. 25, a Thursday, that his bid won and would be announced Friday ... Dimon asked if it could be announced immediately so that JPMorgan's stock would have a full day of trading on the news instead of waiting until Monday. (Honolulu Advertiser)
Credit doors are closing; Thain settles for less - for now Oct 5, 2008
Back in 2004, Jamie Dimon, then chief of Bank One, retreated to the number two spot at JPMorgan Chase after the two banks merged - but he extracted a public commitment that he would be the boss within two years. No doubt he had learned from John Mack's experience. (International Herald Tribune -- Business)
Vultures Prey On Crumbling Businesses Oct 5, 2008
Jamie Dimon, JPMorgan Chase: The hottest banker on Wall Street had company poised perfectly to snap up Bear Stearns and WaMu at bargain-basement prices just as they were being forced out of business. The moves have helped create 51. (New York Post -- Business)
Could bailout's pay caps launch Wall Street trend? Oct 4, 2008
In the corner office: James Dimon of JP Morgan Chase is among the most highly paid CEOs on Wall Street ... James "Jamie" Dimon, chairman of J.P. Morgan Chase, had to make do with $57. (Christian Science Monitor -- USA)
* Bloomberg looking to run again Oct 4, 2008
Thirty elite New Yorkers, including David Rockefeller, former secretary of state Henry Kissinger and JPMorgan Chase chief executive Jamie Dimon, published an open letter on Thursday urging the City Council to extend the term limits. Twenty-seven of the 51 New York City Council members have said they would support a change and 35 would otherwise be forced to step down next year because of term limits. (Taipei Times, Taiwan -- World)
JPMorgan's bold moves raise profile in banking Oct 3, 2008
As the nation's largest savings and loan teetered, a senior federal regulator called a familiar number on Thursday morning: Jamie Dimon's ... On the line from his Park Avenue headquarters, Dimon, the chairman and chief executive of JPMorgan Chase, listened as the head of the Federal Deposit Insurance Corp. told him the FDIC was about to seize WaMu -- and then sell it to JPMorgan ... "We're going to get it!" Dimon barked to one of his lieutenants. (OregonLive, OR -- Business)
WaMu becomes biggest bank to fail in US history Oct 3, 2008
"We're in favor of what the government is doing, but we're not relying on what the government is doing. We would've done it anyway," JPMorgan's Chief Executive Jamie Dimon said in a conference call Thursday night, referring to the acquisition. Dimon said he does not know if JPMorgan will take advantage of the bailout. (Rensselaer Republican, IN)
Bloomberg Says He Will Seek Third Term Oct 3, 2008
A group of influential business leaders and powerbrokers, including Goldman Sachs Group CEO Lloyd Blankfein, JPMorgan Chase Chairman James Dimon and Henry Kissinger, took out ads in city newspapers urging the council to amend the law to allow for more than two four-year terms. "In thinking about the challenges ahead beyond the direct challenges of managing the financial crisis, I've asked myself, 'Do we have more work to do ...?' and the answer is yes, we have more to do, a lot more to do,"... (Fox News)
Bill Opens Door For Bloomberg's Bid For Third Term Oct 3, 2008
Among those who signed were Goldman Sachs chairman and CEO Lloyd Blankfein, JPMorgan Chase CEO James Dimon, former Secretary of State Henry Kissinger and banker and philanthropist David Rockefeller. In taking on term limits, however, the mayor and his supporters in the council could be risking a voter backlash. (WNBC.com, NY)
The Bailout: An Owner's Manual Oct 3, 2008
JPMorgan's CEO James Dimon supports the plan but says he's not inclined to use it. Though he may change his mind after it becomes clear just how the program is going to work. (Forbes -- Business)
Sunday Business Oct 3, 2008
Friday, October 03, 2008 Last Update: 11:30 AM EDT. TREASURY'S plan to buy 700 billion of mortgage securities at premiums above present distressed prices was intended to restore. (New York Post -- Business)
Bloomberg says he'll seek 3rd term Oct 3, 2008
A group of influential business leaders and powerbrokers, including Goldman Sachs Group CEO Lloyd Blankfein, JPMorgan Chase Chairman James Dimon and Henry Kissinger, took out ads in city newspapers urging the council to amend the law to allow for more than two four-year terms. "In thinking about the challenges ahead beyond the direct challenges of managing the financial crisis, I've asked myself 'do we have more work to do in transforming the schools, greening the environment, building... (The Trentonian, NJ)
CEOs involved in financial meltdown paid millions Sep 25, 2008
Co. Chairman and CEO James Dimon earned $28 million in 2007. Chase (NYSE:JPM) acquired troubled investment house earlier this year, with the federal government promising to take on as much as $30 billion in Bear assets to help get the deal done. (Albany Business Review, NY)
Barclays abandons talks to buy Lehman Sep 22, 2008
Wall Street executives arrived at the New York Fed building in lower Manhattan to discuss a rescue plan, including Citigroup chief executive Vikram Pandit and Robert Wolf, chairman for the Americas at UBS. JPMorgan Chase sent CEO Jamie Dimon, Investment Bank Co-CEO Steven Black and General Counsel Stephen Cutler ... Dimon Waves Pandit arrived at 7 ... When JPMorgan CEO Dimon's car arrived at 9. (Sydney Morning Herald -- Business)
Citigroup: Above the Fray? Sep 21, 2008
While some analysts say JPMorgan s C.E.O., James L. Dimon, has proved himself to be an adroit leader, others say the biggest factor dividing the two banks performance is the business mix. JPMorgan, unlike Citigroup, had relatively little exposure to mortgage securities. (Atlanta Journal-Constitution -- Business)
Death and Near-Death Experiences on Wall St. Sep 21, 2008
James Dimon, JPMorgan s chief executive, said A.I.G. had hired his bank, which was trying to find a solution. Others in the room focused on Merrill s sagging stock and huge debt burden. (Atlanta Journal-Constitution -- Business)
Athletes face wins and losses after pro sports Sep 19, 2008
The company, founded in February 2007 by Roenick, Bill Deacon and Mark Dimon, now sells its brands across the country, through 250 boutiques and major retailers such as Dick's Sporting Goods, , and Kitson, a favorite stop for celebrities and entertainers in Los Angeles. Roenick, now in his 19th year in the National Hockey League and with the , fronted more than $150,000 to the business, which has raised $500,000 in capital. (Phoenix Business Journal, AZ)
Funds Flee Morgan, Goldman For JPMorgan Sep 19, 2008
Score another one for Jamie Dimon ... Most of JPMorgan's new clients are being serviced through the old Bear Stearns prime brokerage force, which was a key part of Dimon's acquisition of the fallen brokerage firm. (New York Post -- Business)
JP Morgan Questioned on View of Oil Prices: Report Sep 18, 2008
The New York Times said the letter was sent to JP Morgan Chief Executive Jamie Dimon by Senator Byron L. Dorgan, Democrat of North Dakota and the chairman of the Senate Energy subcommittee, which held a hearing on Tuesday on the role of speculators in moving oil prices ... Senator Dorgan asked Dimon for an explanation in the letter, according to the paper. (ABC News -- Wire)
Washington Mutual up for sale Sep 18, 2008
JPMorgan chief executive Jamie Dimon is considered the most likely acquirer, given his goal of expanding in retail banking in the western US. Washington Mutual ended June with $US309. 7 billion of assets and 2239 branches. (Sydney Morning Herald -- Business)
WaMu Hires Goldman As It Eyes Future Sep 18, 2008
JPMorgan chief Jamie Dimon has long coveted WaMu in order to expand its giant banking footprint on the West Coast. Another sign that WaMu is serious about shopping itself is the fact that private-equity giant TPG, which led a group of investors that pumped 7 billion into WaMu in April, has waived a so-called ratchet provision on its preferred stock investment. (New York Post -- Business)
Silences say it all Sep 16, 2008
After the markets closed on Friday , both the New York Times and the Financial Times reported that Paulson had gotten together some of the great names of US finance capital, men like John Mack of Morgan Stanley; John Thain of Merrill Lynch; Vikram Pandit of Citigroup; Lloyd Blankfein of Goldman Sachs; and Jamie Dimon of JPMorgan Chase - in essence, the heads of the five New York families of finance, that night for the "I'm gonna make them an offer they can't refuse" talk. At the Bastille-like... (Asia Times Online)
CEO's subprime bets undermined Lehman Sep 16, 2008
In March 2005, he was named to the board of the Federal Reserve Bank of New York, where fellow members include JPMorgan Chase CEO Jamie Dimon and General Electric chief Jeffrey Immelt. He serves with News Corp. CEO Rupert Murdoch on the Partnership for New York City, a nonprofit that promotes the city's finance industry, and with actress Gwyneth Paltrow on the board of the Robin Hood Foundation, a New York anti-poverty group. (Sydney Morning Herald -- Business)
