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Last Man Standing
Book

Last Man Standing

The Ascent of Jamie Dimon and JPMorgan Chase

Duff McDonald
Simon & Schuster, 2009

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Editorial Rating

8

Qualities

  • Eye Opening
  • Background
  • Engaging

Recommendation

Duff McDonald’s book covers a fascinating historical moment – the 2008-2009 Wall Street debacle – by profiling a pivotal character in the thick of it, Jamie Dimon, CEO of JPMorgan Chase. Having spent extensive time with Dimon, McDonald combines his reporting with published sources, Dimon’s own writings and statements, and interviews with his associates, employees or relatives. McDonald covers Dimon’s youth, business school education and evolving career. Dimon was a nonconformist in business school and politics, an astute lieutenant of his mentor Sandy Weill, and a pivotal figure in the financial crisis. Notably, he preserved JPMorgan Chase, bought Bear Stearns and helped lead the market back to stability. Readers interested in a critical take on Dimon may find the book too flattering, but if you want to see how the financial wars looked from the CEO’s chair, getAbstract recommends this intriguing perspective.

Take-Aways

  • JPMorgan Chase CEO Jamie Dimon’s grandfather and father worked in finance. He was the only one of three brothers to go into that business.
  • He went to Harvard Business School, where he was a blue jeans-wearing Democrat among preppy Republicans.
  • Sandy Weill, the architect of Citicorp, was Jamie Dimon’s most important mentor.

About the Author

Duff McDonald is a contributing editor at New York magazine and the recipient of two Canadian National Magazine Awards.

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