Jamie Dimon was announced this spring to be the CEO of the new healthcare venture owned by the founders of Berkshire Hathaway (Warren Buffett), Amazon (Jeff Bezos). He has big shoes to fill since the world is watching, but who is Jamie Dimon?
Jamie Dimon is currently the chairman and CEO of JPM ( JPMorgan Chase, $107.63) and has a net worth of approx. $1.3 billion dollars. Dimon was born in the heart of New York City and took after his paternal grandfather who was also a banker in Athens, Greece. However, his grandfather changed the family name from Papademetriou to Dimon to sound more French and less greek (Greek Orthodox). Dimon’s father and grandfather were also stockbrokers.
In his career, he has achieved multiple awards for excellence. Known for yanking JPM out of more than $12 billion dollars of debt, he is honored and appreciated by his employees for his strong and kind-hearted leadership skills.
Dimon, Buffet, and Bezos have discussed problems amongst each other for years about the poor healthcare benefits their employees receive. Buffet said this year in a recent Berkshire Hathaway meeting in Omaha,
“We don’t necessarily plan to start healthcare companies or necessarily insures of anything. The motivations are not primarily profit-making. We want our employees to get better medical services at a lower cost.”
The powerful trio is concentrated on the long-term benefits rather the near-term and is eager to make necessary changes if it’s best. Since healthcare costs have risen drastically other the past few decades, investors are anticipating great management from Dimon for the new healthcare venture.
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Information Attained: Cnbc.com, Wikipedia.com