![]() In March 2000, Dimon became CEO of Bank One, the nation's fifth largest bank. Morgan Interview of Dimon with president of Argentina Mauricio Macri, to announce higher investments of JP Morgan Chase in the country. At least one other account cites a request by Dimon to be treated as an equal as the real reason. Bibliowicz, although that happened over a year before Dimon's departure. It was rumored at the time that he and Weill argued in 1997 over Dimon's not promoting Weill's daughter, Jessica M. Dimon left Citigroup in November 1998, after being asked to resign by Weill during a weekend executive retreat. Through a series of mergers and acquisitions, in 1998 Dimon and Weill were able to form a large financial services conglomerate, Citigroup. ![]() At 30 years of age, Dimon served as the chief financial officer, helping to turn the company around. The two then took over Commercial Credit, a consumer finance company, from Control Data. Sandy Weill left American Express in 1985 and Dimon followed him. Career Commercial credit and transition into Citigroup Dimon's father, Theodore Dimon, was an executive vice president at American Express. Although Weill could not offer the same amount of money as the investment banks, he promised Dimon that he would have "fun". Īfter graduation from Harvard Business School, Sandy Weill convinced him to turn down offers from Goldman Sachs, Morgan Stanley, and Lehman Brothers to join him as an assistant at American Express. He graduated in 1982, earning an MBA as a Baker Scholar. During the summer at Harvard, he worked at Goldman Sachs. Īfter graduating, he worked in management consulting at Boston Consulting Group for two years before enrolling at Harvard Business School, along with classmates Jeff Immelt, Steve Burke, Stephen Mandel, and Seth Klarman. At Tufts, Dimon wrote an essay on Shearson's mergers his mother sent the paper to Sandy Weill, who hired Dimon to work at Shearson during one summer break, doing budgets. He attended the Browning School, and majored in psychology and economics at Tufts University, where he graduated summa cum laude. Both his father and grandfather were stockbrokers at Shearson. Dimon has an older brother, Peter, and a fraternal twin brother, Ted. His paternal grandfather was a Greek immigrant who worked as a banker in Izmir and Athens, and changed the family name from Papademetriou to Dimon reportedly it was either because as he was trying to find work as a busboy he realized people did not want to hire Greeks, or because he had fallen in love with a French girl and wanted his name to sound French. He is one of three sons of Theodore and Themis (née Kalos) Dimon, who had Greek ancestry. Dimon received $34.5 million in fiscal year 2022. However, his compensation was reduced to $11.5 million in 2012 by JPMorgan Chase following a series of controversial trading losses amounting to $6 billion. He received a $23 million pay package for fiscal year 2011, more than any other bank CEO in the US. ĭimon is one of the few bank chief executives to have become a billionaire, largely because of his US$485 million stake in JPMorgan Chase. Forbes estimated his net worth at $1.6 billion as of June 2023. Dimon was included in Time magazine's 2006, 2008, 2009, and 2011 lists of the world's 100 most influential people. Dimon was previously on the board of directors of the Federal Reserve Bank of New York. ![]() James Dimon ( / ˈ d aɪ m ə n/ born March 13, 1956) is an American billionaire business executive and banker, who has been the chairman and chief executive officer of JPMorgan Chase since 2005.
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