11
Jun
2012
Three Lessons from Jamie Dimon and Bob Greifeld
Categories: Crisis, Financial Services
Jamie Dimon of J.P. Morgan and Bob Greifeld of Nasdaq OMX share several things in common.
Both presided over colossal blunders at their firms – a multi-billion-dollar trading loss at J.P. Morgan for Dimon, and a systems breakdown on the closely watched Facebook IPO for Greifeld. Both Dimon and Greifeld have thus far offered only general descriptions of what went wrong. Both are facing tough scrutiny from investors and regulators, with the possibility of legal action, and both executives are still unable to tally the full cost of the mishap to their institution.
And yet for all these similarities, Jamie Dimon is today the stronger executive.
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