10/4/2002 - On October 4, 2002, Jamie Dimon, Chairman and Chief Executive Officer of Bank One Corporation, spoke to students of the Kellogg Executive Master's Program
during the program's Luncheon Speaker Series. His address focused on challenges in management.
Jamie Dimon became Chairman and Chief Executive Officer of Bank One Corporation in March 2000. Bank One is the nation's fifth-largest bank holding company, with assets of more than $270 billion. It offers a full range of financial services to large corporate and middle market commercial customers and retail consumers.
In his first year at Bank One, Mr. Dimon strengthened the management team by promoting talented managers and by recruiting experienced managers. In addition, he has fortified the corporation's balance sheet and has saved Bank One more than $1 billion through waste-reduction efforts.
Mr. Dimon was President of Citigroup Inc., the global financial services company formed by the combination of Travelers Group and Citicorp in October 1998. In addition, he served as Chairman and Co-Chief Executive Officer of Salomon Smith Barney Holdings Inc., the company's investment banking and securities brokerage subsidiary.
At Travelers, Mr. Dimon was President and Chief Operating Officer for seven years. He was named Chairman and Chief Executive Officer of its Smith Barney Inc. subsidiary in January 1996, having previously been the firm's Chief Operating and Chief Administrative Officer. In November 1997, with the merger of Smith Barney and Salomon Brothers, he became Co-Chairman and Co-CEO, of the combined firm.
Mr. Dimon was a key member of the team that launched and defined the strategy for a new Commercial Credit Company in October 1986, when the consumer lending company was spun off from Control Data Corporation in a public stock offering. He served as the company's Chief Financial Officer and an Executive Vice President, and then President. In the ensuing years, Commercial Credit was completely restructured and made numerous acquisitions and divestitures, substantially improving its profitability. The most significant was the 1987 acquisition of, and name change to, Primerica Corporation, which in 1993 acquired The Travelers Corporation and was renamed Travelers Group.
He began his professional career at American Express Company where he was Assistant to the President from 1982 until 1985.
A summa cum laude graduate of Tufts University, Mr. Dimon holds an MBA degree from the Harvard University Graduate School of Business, where he was a Baker Scholar. He serves on the Board of Directors of The National Center on Addiction and Substance Abuse (CASA), Tricon Global Restaurants, Inc., University of Chicago, United Negro College Fund, and the Economic Club of Chicago as well as on the Civic Committee of the Commercial Club of Chicago. He is also a member of the Council on Foreign Relations and serves on the board of the Mount Sinai-NYU Medical Center and Health Systems.
Mr. Dimon and his wife, Judy, have three daughters.