Thursday, October 25, 2012

Jamie Dimon Profile

"Jamie Dimon on the Line"
Warren Buffett, who owns shares in JPMorgan, says that when Berkshire Hathaway bought the railroad Bur­lington Northern for $26 billion, in the fall of 2009, he called up Dimon on the Tuesday morning just prior to the public announcement of the deal and said, “Jamie, I need $8 billion!” “You got it,” Buffett says Dimon told him. “Even with some of the other big banks, that’s not something you could do on the phone,” Buffett adds.
… “Most corporate leaders hide and never say anything that they believe in,” says Warren Buffett. “Jamie certainly hasn’t put his views in a blind trust. I think he knows as much about banking as anyone in the country, and he ought to talk about it. It would be a terrible thing for him not to voice his views.”
Very lengthy [but also good] Vanity Fair profile of Jamie Dimon, one of my favorite CEO’s and speakers [head of JPMorgan]

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