Cheat Sheet
The Best In Brief
THANK YOU
Your feedback has been sent!
Now Hiring: Dimon's Daddy
AP Photo
Jamie Dimon's newest hire at J.P. Morgan is a familiar figure: his father. Theodore “Ted” Dimon, the 78-year-old father of the J.P. Morgan chief, is quitting his post at Merrill Lynch to join his son's firm, Bloomberg News reports. A company spokesman said the elder Dimon was one of 70 brokers added this year to a Bear Stearns brokerage, which has been owned by J.P. Morgan since its March 2008 takeover. “I love the retail broker business because my dad is a broker and my grandfather was a broker and it was the first job I ever had,” Dimon said at an industry meeting last month. “So if you are really, really good, call J.P. Morgan. We’d be happy to hire you.”
COPYRIGHT © 2008-10 RTST, INC. ALL RIGHTS RESERVED.
This comment has been removed by The Daily Beast's editors.
hockeydog
Sweeet!
bezvodka
Well, it's usually the other way around - father hires son because son is so brilliant.
People like Jamie Dimon and George Bush almost make me ashamed to admit that I got an M.B.A. from Harvard (long before they did).
BOKOBOT
They're all crook, liars, cheats and depraved sociopaths. And that includes their brainless, inbred children. BOKO
dxgmmpa
Jamie Dimon is one of the smartest bankers in the country. If citi-bank would have named him CEO years ago they may not be in receivership.
For those that think all bankers are crooks get over it. We need them. Wallstreet provides the much needed function of the distribution on capital that stokes the fire of the American Economic. Without this service America will be a banana republic. Then again maybe the pot head Barny Frank and his boy friend can provide this service in between hits from their bong.
Thank you.
As a first time user, your comment has been submitted for review. It can take anywhere from a few hours to a day or two for your comment to be reviewed, depending on the time of week and the volume of comments we receive.