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Dimon during the 2013 Born ( 1956-03-13) March 13, 1956 (age 62), New York, U.S. Residence, Illinois, U.S. Education Occupation Chairman and CEO, Salary $29.5 million (2017) Net worth US$1.3 billion (April 2018) Spouse(s) Judith Kent Children 3 Jamie Dimon (; born March 13, 1956) is an business executive.

He is chairman and CEO of, the largest of the, and previously served on the board of directors of the. Dimon was included in magazine's 2006, 2008, 2009, and 2011. He was also on lists of best CEOs in the All-America Executive Team surveys from 2008 through 2011. Research published at the characterizes Dimon's leadership style as paradigmatic of 'founder centrism' – which is a founder's mindset, an ethical disposition towards the shareholder collective, and an intense focus on exponential value creation. Dimon is one of the few bank chief executives to become a billionaire, thanks in part to a 485 million stake in JPMorgan Chase.

He received a $23 million pay package for the fiscal year 2011, more than any other bank CEO in the United States. Dimon received $20 million in compensation for his work in the fiscal year 2013. He earned $29.5 million in 2017.

Interview of Dimon with president of Argentina, to announce higher investments of JP Morgan Chase in the country. In March 2000, Dimon became CEO of, the nation's fifth largest bank. When purchased Bank One in July 2004, Dimon became president and chief operating officer of the combined company. On December 31, 2005, he was named CEO of JPMorgan Chase and on December 31, 2006, he was named Chairman and President. In March 2008 he was a Class A board member of the.

Under Dimon's leadership, with the acquisitions during his tenure, JPMorgan Chase has become the leading U.S. Bank in domestic assets under management, market capitalization value, and publicly traded stock value. JPMorgan Chase is also the No. 1 credit card provider in the U.S. In 2009, Dimon was considered one of 'The TopGun CEOs' by Brendan Wood International, an advisory agency. On September 26, 2011, Dimon was involved in a high-profile heated exchange with, the governor of the, in which Dimon said provisions of the international financial regulations discriminate against U.S. Banks and are 'anti-American'.

On May 10, 2012, JPMorgan Chase initiated an emergency conference call to report a loss of at least $2 billion in trades that Dimon said were 'designed to hedge the bank's overall credit risks'. The strategy was, in Dimon's words, 'flawed, complex, poorly reviewed, poorly executed, and poorly monitored'. The episode was investigated by the Federal Reserve, the SEC, and the FBI and the central actor was labelled with the epithet the. Dimon commented on the in January 2012, 'Part of the Volcker Rule I agreed with, which is no prop trading. But market making is an essential function. And the public should recognize that we have the widest, the deepest, the most transparent capital markets in the world.

And part of that is because we have enormous market making. If the rules were written as they originally came out; I suspect they'll be changed, it would really make it hard to be a market maker in the United States.' He served as chairman of the executive committee of for 2011 and 2012. On January 24, 2014, it was announced that Dimon would receive $20 million for his work in 2013, a year of record profits and stock price under Dimon's reign, despite significant losses that year due to scandals and payments of fines. The award was a 74% raise, which included over $18 million in restricted stock.

Reported that, in a statement following news of Dimon's compensation, the bank said, 'Under Mr. Dimon's stewardship, the Company has fortified its control infrastructure and processes and strengthened each of its key businesses while continuing to focus on strengthening the Company's leadership capabilities across all levels.' Federal TARP funds As head of JPMorgan Chase, Dimon oversaw the transfer of $25 billion in funds from the to the bank on October 28, 2008, under the (TARP). This was the fifth largest amount transferred under Section A of TARP to help troubled assets related to residential. It has been widely reported that JPMorgan Chase was in much better financial shape than other banks and did not need TARP funds but accepted the funds because the government did not want to single out only the banks with capital issues. JPMorgan Chase advertised in February 2009 that it would be using its capital-base monetary strength to acquire new businesses. By February 2009, the U.S.

Government had not moved forward in enforcing TARP's intent of funding JPMorgan Chase with $25 billion. In the face of the government's lack of action, Dimon was quoted during the week of February 1, 2009, as saying, JPMorgan would be fine if we stopped talking about the damn nationalization of banks. We've got plenty of capital. To policymakers, I say where were they? They approved all these banks. Now they're beating up on everyone, saying look at all these mistakes, and we're going to come and fix it.

JPMorgan Chase was arguably the healthiest of the nine largest U.S. Banks and did not need to take TARP funds. In order to encourage smaller banks with troubled assets to accept this money, Treasury Secretary allegedly coerced the CEOs of the nine largest banks to accept TARP money under short notice.

Political endeavors Dimon donates primarily to the. In May 2012, he described himself as 'barely a Democrat' stating, I've gotten disturbed at some of the Democrats' anti-business behavior, the attacks on work ethic and successful people.

I think it's very counterproductive. It doesn't mean I don't have their values. I want a more equitable society.

I don't mind paying higher taxes. I do think we're our brother's keeper but I think that attacking that which creates all things, is not the right way to go about it. After Obama won the, there was speculation that Dimon would serve in the as.

Obama eventually named the president of the, to the position. Following the acquisition of by JPMorgan Chase, Obama commented on Dimon's handling of the real-estate crash, credit crisis, and the banking collapse affecting corporations nationwide, including major financial institutions like, and (now ). You know, keep in mind, though there are a lot of banks that are actually pretty well managed, JPMorgan being a good example, Jamie Dimon, the CEO there, I don't think should be punished for doing a pretty good job managing an enormous portfolio. Dimon has had close ties to some people in the Obama, including former. Dimon was one of three CEOs—along with and —said by the Associated Press to have had liberal access to former Treasury Secretary Timothy Geithner. Nonetheless, Dimon has often publicly disagreed with some of Obama's policies.

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On the May 15, 2012, episode of ABC's, Obama responded to a question from regarding JPMorgan Chase's recently publicized $2 billion trading losses by defending Dimon against allegations of irresponsibility, saying, 'first of all, JP Morgan is one of the best managed banks there is. Jamie Dimon, the head of it, is one of the smartest bankers we've got', but added, 'it's going to be investigated'. In December 2016, Dimon joined a business forum assembled by then president-elect to provide strategic and policy advice on economic issues. London Whale In the case of the, according to a US Senate report published in March 2013 after 9 months of investigation, Dimon misled investors and regulators in April as losses rose dangerously to $6.2 billion on a 'monstrous' derivatives bet made by the so-called 'London Whale'. According to, chairman of this panel, JP Morgan had 'a trading operation that piled on risk, ignored limits on risk taking, hid losses, dodged oversight and misinformed the public'.

Dimon dismissed press accounts of possible losses in Iksil's book as a 'tempest in a teapot' on April 13, 2012 when he knew that Iksil had already lost $1 billion, which led Levin to say 'None of those statements made on April 13 to the public, to investors, to analysts were true,' and 'The bank also neglected to disclose on that day that the portfolio had massive positions that were hard to exit, that they were violating in massive numbers key risk limits.' Dimon corrected that wrong information a month later, in May 2012, before the true damage was revealed, after financial watchdog started reviewing the losses. Personal life In 1983, Dimon married Judith Kent, whom he met at Harvard Business School. They have three daughters: Julia, Laura, and Kara Leigh. Dimon was diagnosed with throat cancer in 2014.

He received eight weeks of radiation and chemotherapy ending in September 2014. References. ^ Blood, David; Noonan, Laura (July 23, 2017).

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Financial Times. Retrieved August 5, 2017. Retrieved 2016-02-02.

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The University of Oxford. Retrieved June 27, 2017. ('Founder centrism, an inclusive concept within Concentrated Equity Ownership (CEO) theory, integrates the capacity of both founder and non-founder senior leadership to adopt an owner's mindset in traditionally structured corporations, such as Thomas J. And Thomas Watson Jr. With IBM, Steve Jobs and Tim Cook with Apple, Jamie Dimon with JPMorgan Chase, Lloyd Blankfein with Goldman Sachs.

And many others. In substance, all fall within the ambit of founder centrism'.). Archived from on 2014-04-03. Retrieved 2016-02-02.

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Tearing Down the Walls: How Sandy Weill Fought His Way to the Top of the Financial World. And then Nearly Lost it All.

Simon & Schuster, 2003, p. 1 December 2015. Langley, Monica. Tearing Down the Walls: How Sandy Weill Fought His Way to the Top of the Financial World. And then Nearly Lost it All. Simon & Schuster, 2003, p.74. Langley, 2003, p.74'.

April 20, 2012. Langley, Monica. Tearing Down the Walls: How Sandy Weill Fought His Way to the Top of the Financial World. And then Nearly Lost it All. Simon & Schuster, 2003, p.321. Nathans Spiro, Leah (June 30, 1997).

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on Wikimedia Commons has media related to. at. on.

Leah Nathans Spiro in New York (June 23, 1997). Retrieved August 19, 2015.

Business positions Preceded by President of 2004–present Incumbent Chief Executive Officer of 2006–present Chair of 2007–present.

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