bei JPM ihren HUT ;-)))
J.P. Morgan Shuffles Executives
Winters, a Potential Successor to Dimon, Won't Get the Job and Is Leaving.
By DAVID ENRICH and MATTHIAS RIEKER
In a rare shake-up inside one of the nation's strongest banks, J.P. Morgan Chase & Co. changed the management of its investment bank, pushing out a longtime executive and igniting a contest to eventually succeed James Dimon at the helm.
J.P. Morgan, which is emerging from the financial crisis as perhaps the industry's premier bank, named 52-year-old Jes Staley as chief executive officer of its investment-banking arm. He succeeds the investment bank's two veteran co-heads, Bill Winters, 48, as well as Steve Black, 57, and who helped the New York company avoid the huge losses that crippled rivals and led the integration of Bear Stearns Cos. after J.P. Morgan bought the ailing firm last year.
Mr. Winters had hoped to succeed the 53-year-old Mr. Dimon as CEO, according to people familiar with the matter. Mr. Winters, who has spent a quarter-century at J.P. Morgan, was surprised this weekend when Mr. Dimon called him in London, where he is based, to inform him that he was tapping Mr. Staley to become the sole head of the investment bank, these people said.
After a brief talk with Mr. Dimon about possibly staying on in a lower-profile job, Mr. Winters, an expert in trading and risk management, told Mr. Dimon on the call that he would prefer to simply leave the company. He is the highest-profile executive to leave J.P. Morgan since Mr. Dimon took the company's reins in December 2005.
Mr. Black previously told colleagues he planned to retire next year. He will stay on as executive chairman until 2010. He wasn't available for comment.
The investment bank is the most prestigious part of J.P. Morgan's banking operation, generating a record $16 billion in revenue in the first half of the year. Responsible for more than one-third of J.P. Morgan's $2 trillion in assets, it houses units for trading, securities-underwriting, mergers-advisory work and large corporate loans.
Since Mr. Dimon's arrival, J.P. Morgan has largely avoided the top-level managerial dramas that have dogged institutions like Citigroup Inc. and Bank of America Corp.
"The external perception is that this is a very cohesive management team that works well together," said John McDonald, a banking analyst at Sanford C. Bernstein & Co. "To see what looks like the sudden departure of someone who was perceived to be in the inner circle is surprising."
http://online.wsj.com/article/...92181648939.html?mod=dist_smartbrief -----------
An der Börse sind 2 mal 2 niemals 4, sondern 5 minus 1.
Man muß nur die Nerven haben, das minus 1 auszuhalten. |
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