Jamie Dimon Fast Facts – Source

Jamie Dimon Fast Facts - CNN

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Here is a have a look at the lifetime of Jamie Dimon, chairman and CEO of JPMorgan Chase & Co.

Birth date: March 13, 1956

Birth place: New York, New York

Birth identify: James Dimon

Father: Theodore Dimon, stockbroker

Mother: Themis Dimon

Marriage: Judith “Judy” (Kent) Dimon (May 1983-present)

Children: Julia, Laura and Kara Leigh

Education: Tufts University, B.A. 1978; Harvard University, M.B.A., 1982

He has a twin brother, Theodore Dimon Jr., who’s the founding father of the Dimon Institute in New York.

1982-1985 – Assistant to American Express president Sandy Weill.

1996-1997 Chairman and CEO of Smith Barney.

1997-1998Co-chairman and co-CEO of Salomon Smith Barney Holdings.

1998 – President of Citigroup. Dimon is compelled out of the corporate after a falling-out with Weill.

2000-2004 Chairman and CEO of Bank One Corporation.

2004Becomes president and chief working officer of JPMorgan Chase & Co. when it merges with Bank One Corporation.

December 31, 2005Assumes title of chief government officer and president at JPMorgan Chase & Co., efficient January 1, 2006.

December 31, 2006 Named chairman of the board at JPMorgan Chase & Co., efficient January 1, 2007.

2011 Earned $23.1 million in compensation as chairman and CEO of JPMorgan Chase & Co., making him one of the best paid financial institution CEO.

May 10, 2012On a convention name, reveals {that a} buying and selling portfolio that was designed to assist JPMorgan Chase hedge its credit score danger misplaced $2 billion and will lose $1 billion extra.

May 15, 2012Apologizes to JPMorgan Chase shareholders on the annual assembly. Shareholders approve Dimon’s $23 million pay bundle and preliminary outcomes present that solely 40% help a proposal that requires the appointment of an impartial chairman.

May 17, 2012Senate Banking Committee proclaims Dimon has been invited to look earlier than the committee at hearings wanting into the JP Morgan buying and selling losses from a regulatory angle.

June 13, 2012 Dimon testifies earlier than the Senate Banking, Housing and Urban Affairs Committee telling senators that whereas he didn’t approve the trades that led to the multi-billion greenback loss, he was conscious of it.

June 19, 2012Dimon testifies earlier than the House Financial Services Committee and says that he didn’t mislead shareholders.

July 13, 2012JPMorgan proclaims that the buying and selling loss initially believed to be $2 billion is now roughly $5.eight billion. JPMorgan later discloses that the loss elevated to $6.2 billion within the third quarter.

2012 Due to the London Whale losses, Dimon’s pay package is diminished to $11.5 million, down from the earlier yr’s $23.1 million.

January 23, 2013Dimon apologizes to the shareholders by stating that the “whale” commerce that prompted the $6 billion loss was a “terrible mistake.”

May 21, 2013 Approximately 68% of JPMorgan Chase stockholders vote to maintain Dimon as chairman and CEO on the annual assembly, however three administrators on the chance committee obtain a slim majority of solely between 51% and 59% of votes.

September 19, 2013 – JPMorgan Chase agrees to pay about $920 million in fines to US and UK regulators to settle expenses associated to the “London Whale” buying and selling scandal.

November 19, 2013 – Officials announce JPMorgan Chase has agreed to a $13 billion settlement to resolve a number of investigations into the financial institution’s mortgage securities enterprise. According to the Justice Department, the deal is the “the largest settlement with a single entity in American history.”

January 24, 2014 – Dimon will get a 74% pay hike for 2013, regardless that JPMorgan Chase & Co was compelled to pay billions in fines and settlements final yr. In a authorities submitting, JPMorgan Chase says that Dimon will obtain $18.5 million price of restricted inventory that can vest over the subsequent three years as his 2013 bonus. That’s up from a $10 million bonus for 2012. His $1.5 million base wage stays unchanged.

July 1, 2014 – Dimon releases a memo saying that he has been recognized with a curable throat most cancers. He will obtain radiation and chemotherapy remedy over the subsequent eight weeks at Memorial Sloan Kettering Hospital in New York, however will stay working whereas present process remedy.

February 11, 2016 – After the value of JPMorgan Chase shares drop 25% from their all-time excessive in the course of the summer time, Dimon purchases $26.6 million in stock.

January 30, 2018 – Announces, together with Warren Buffett and Jeff Bezos, a plan to “find a more efficient and transparent way to provide health care services” to be able to sort out the rising cost of healthcare.

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