100 Minds

Aus der ganzen Welt

Jamie Dimon

Chairman of the Board and CEO,
JP Morgan Chase

New York City, United States

No one can predict the future with any certainty. But I look forward to the day when the United States of America gets its mojo back—and it’s not 100 years away, either.

No one can predict the future with any certainty. But I look forward to the day when the United States of America gets its mojo back – and it’s not 100 years away, either.

The U.S. economy was, is and will remain for the foreseeable future the mightiest economic engine on this planet. America is a land of innovators. The volume and variation of inventions created in America are extraordinary – from bold new technologies, like the Internet, to thousands of small, incremental improvements in processes and products that have, in aggregate, enabled us to dramatically improve productivity.

America is home to many of the best universities and companies in the world. We have an exceptional legal system, notwithstanding my many reservations about the class-action and tort system. No other country can match the quality, depth and breadth of our capital markets.

We have the best businesses in the world – large, medium and small. The American people have a great work ethic, from farmers and factory workers to engineers and businessmen – even bankers and CEOs. And we still have the most entrepreneurial population on earth. American ingenuity is alive and well.

Our current problems may be daunting, but they also are resolvable. As a nation, we have overcome far worse challenges, from the Civil War to the Great Depression to World War II. And despite all the uncertainties and headwinds we face, we have begun to see clear signs of stability and growth returning to the capital markets and the U.S. economy – even amid our current challenges. Now we just need to work together to develop thoughtful, long-term solutions to create jobs and keep America competitive.

I dream of the resurgence of the U.S. as the unbeatable economic powerhouse it was during the last century – and unquestionably will be again for the next 100 years.

Jamie Dimon Bio:

Jamie Dimon is Chairman of the Board and Chief Executive Officer of JP Morgan Chase & Co., a global financial services firm with assets of $2.2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity.

Dimon became CEO on January 1, 2006 and one year later also became Chairman of the Board. He was named President and Chief Operating Officer upon the company’s merger with Bank One Corporation on July 1, 2004.

Dimon joined Bank One as Chairman and CEO in 2000, and engineered a dramatic turnaround – taking the bank from a half-billion-dollar loss in 2000 to record earnings of $3.5 billion in 2003 – before its merger with JP Morgan Chase.

Dimon began his career at American Express Company, serving as Assistant to the President from 1982 until 1985. A year later, he became a key member of the team that defined the strategy for Commercial Credit Company when the consumer lending company was spun off from Control Data Corporation. He served as Chief Financial Officer and then President.

Commercial Credit made numerous acquisitions and divestitures, including acquiring Primerica Corporation in 1987 and taking its name. The firm then acquired The Travelers Corporation in 1993, becoming Travelers Group. Dimon served as President and Chief Operating Officer of Travelers from 1990 through 1998 while concurrently serving as Chief Operating Officer of its Smith Barney Inc. subsidiary. He became CEO of Smith Barney in January 1996 and then Co-Chairman and Co-CEO of the combined brokerage following the 1997 merger of Smith Barney and Salomon Brothers.

In 1998, Dimon was named President of Citigroup Inc., the global financial services company formed by the combination of Travelers Group and Citicorp.

Dimon earned his bachelor's degree from Tufts University and holds an MBA from Harvard Business School. He serves on the boards of directors of a number of non-profit institutions, including the Federal Reserve Bank of New York, the Clearing House and the United Negro College Fund. Additionally, he serves on the executive committee of the Business Council, Business Roundtable and the Partnership for New York City, and is a member of the Financial Services Forum, Financial Services Roundtable and Council on Foreign Relations.