~snip link ~Excerpts: Survival Manual ... Nationalizing Banks "*Ideally, the government would have one or more potential CEO’s “on call” as a nationalization approached. The ability to announce a strong new CEO at the same time as the nationalization would considerably alleviate fears of chaos at the nationalized bank(s) and of immediate politicization.
The strength of the CEO would go a long way towards indicating the government’s intention of being an active investor, but not the direct manager of the bank. Take the case of Jamie Dimon, the CEO of J.P. Morgan Chase, whose already strong reputation rose considerably over the course of the crisis. He has been open in admitting that Morgan’s relative performance was so good, not because it performed well, but because it performed less badly than its key competitors' "
The strength of the CEO would go a long way towards indicating the government’s intention of being an active investor, but not the direct manager of the bank. Take the case of Jamie Dimon, the CEO of J.P. Morgan Chase, whose already strong reputation rose considerably over the course of the crisis. He has been open in admitting that Morgan’s relative performance was so good, not because it performed well, but because it performed less badly than its key competitors' "
today ... ~
President of the "JP Morgan" may succeed U.S. Treasury Secretary
Monday, November 23, 2009
The Times, citing sources, that many decision-makers in the United States considered to Jamie Dimon, CEO, "JP Morgan Chase & Co", a possible successor to U.S. Treasury Secretary Timothy Geithner.
The newspaper quoted sources familiar with Bdeimun he "loved to serve his country."
Geithner and subjected to heavy criticism last week in Congress over his role in saving the American Insurance Group "AIG" in 2008, when he was head of the Federal Reserve Bank of New York.
http://translate.google.com/translat...daralhayat.com
Monday, November 23, 2009
The Times, citing sources, that many decision-makers in the United States considered to Jamie Dimon, CEO, "JP Morgan Chase & Co", a possible successor to U.S. Treasury Secretary Timothy Geithner.
The newspaper quoted sources familiar with Bdeimun he "loved to serve his country."
Geithner and subjected to heavy criticism last week in Congress over his role in saving the American Insurance Group "AIG" in 2008, when he was head of the Federal Reserve Bank of New York.
http://translate.google.com/translat...daralhayat.com
*** Links - Nationalize the Banks ... Plan Moving Forward ...
JP Morgan to take over Cazenove; also a past article "Western Bank Giants Prepare to Revamp Iraq’s Financial System"
JP Morgan to take over Cazenove; also a past article "Western Bank Giants Prepare to Revamp Iraq’s Financial System"
