Tag Archive for ‘Jamie Dimon’
As the Federal Reserve Bank of New York moved to beef up its oversight of Wall Street two years ago, the team charged with supervising the nation’s largest bank, JPMorgan Chase, was in turmoil. Fed examiners embedded at JPMorgan complained about being blocked from doing their jobs. In frustration, some requested transfers.
Since taking over the top job at General Motors in January, Mary Barra has been low-key about the fact that she’s the first woman ever to lead the giant auto maker. And that is a good thing, says columnist Gael O’Brien. “Because there are so few women CEOs,” she writes, “there is a danger that in celebrating them we can go too far — celebrity status conferred on, cultivated or accepted creates a rock star status which when associated with leadership has real risks.”
It will be interesting to see how many of the 2,500 attending the World Economic Forum in Davos, Switzerland, will wind up taking The Global Business Oath. Yes, there is one – and you, too, can pledge.
There will no doubt be a fair amount of theater this week as the Financial Crisis Inquiry Commission holds its first public hearings exploring the causes of the 2008 financial crisis that nearly catapulted the U.S. and world economies into a 21st century Great Depression. While many will focus attention on the star bankers testifying, there’s another potential star in this drama that you might want to keep on eye on: the commission’s chairman, Phil Angelides.
New York Times reporter Andrew Ross Sorkin’s “Too Big to Fail” is too good to put down. Chock-a-block with color and fly-on-the-wall detail, it chronicles bankers and government regulators searching desperately for solutions to the global financial crisis of 2008.