Jamie Dimon Bids Steve Black Adieu

To: JPMorgan Employees
Date: Wed, 3 Nov 2010 1:35
Subject: A Message From Jamie Dimon

Steve Black has let me know that he would like to leave the firm early next year. I have known Steve for 30 years, and he is one of the finest and most capable executives I have ever met. Throughout our working relationship, he has always impressed me with his tremendous dedication to the firm, his candor and his strong character. He has done an outstanding job during his remarkable career at the firm.

We are very grateful to Steve for all that he has done for this company. He has helped build the world-class Investment Bank we have today. He became co-CEO of the Investment Bank in 2004, and under his leadership, J.P. Morgan rose to the top of all major global league tables, won every major industry award and doubled its revenue. He steered that business through the most challenging financial crisis of our careers and helped it emerge even stronger. I have deep respect and admiration for Steve’s partnership and have learned much from him through the years.

The best part of Steve’s legacy are the many talented people at the company he hired, developed or inspired.

Please join me in thanking Steve and wishing him the best in all of his future endeavors.

Message sent to all employees with e-mail addresses.

(hidden for your protection)
Show all comments

70 Responses to “Jamie Dimon Bids Steve Black Adieu”

  1. haywoodjablome says:

    I used to work at JPM and can tell you the guy would be a used car salesman if it wasn’t for Wall Street. Whenever he would open his mouth at a quarterly town hall meeting, my first reaction was, “who the f*ck is that idiot?”

  2. Guest says:

    where is he headed?

  3. Politically Erect says:

    Really, Jamie? Steve Black? Consider your motives.

  4. Guest says:

    At least his daughter is hot.

  5. K. West says:

    Jamie Dimon don’t care about Steve people.

  6. Guest says:

    predict where he turns up…..

  7. anti DB says:

    big Bucks Automotive

  8. anti DB says:

    big Bucks Automotive

  9. Guest says:

    a hedge fund.

  10. Anon says:

    sweet signature, J.

  11. Anon says:

    sweet signature, J.

  12. General Disarray says:

    You used to work at JPM. He ran it. He still wins.

  13. Barack_H_Obama says:

    Instead of a dot (or the lack therof) over the “i,” he used to use a small heart instead in his correspondence with me. That I’m afraid is no longer true.

  14. Anonymous says:

    This completely under his own steam?

  15. tits says:

    who’s the twinkle-toed cocksucker that leaked this?

  16. Lord Humongous says:

    Dude is pretty old, he may ride into the sunset

  17. TitsMcGee says:

    Everything points to this.

    [Fade to Black]

  18. quater--three quaters says:

    Blackie was supposed to leave last year. The dude wanted out so he can drive his Ferrari’s and play 36 a day at Hudson National. JD asked him to stay on to help out with the new head of IB. This is the guy that called LEH on their repo’s, and ultimately put the bullet iin them. He’s as old school as you could get. Started trading govie’s at Solly with Meriweather. So long Blackie.

  19. Anon says:

    “Message sent to all employees with e-mail addresses”

    hmm…. either there are employees at JPM without email or there are some employees dull enough to believe that this email was personally directed to them. I mean, I know they aren’t GS but I didn’t think they were BAML either.

  20. Jesse says:

    Nice one Bess. Way to go.

  21. Guest says:

    There is no need to censor words. C’mon, say it with me, “Fuck”!!

    Welcome to DB champ.

  22. Texashedge says:

    Looks like Dimon has lost his luster

  23. Anonymous says:

    So what non-BancOne guys are left in senior management now?

  24. Guest says:

    he never traded govie’s at Salomon. he is Smith Barney through and through – cut his teeth in munis i believe – and was always the hatchet man for mgmt – i think he got a kick out of it – remember his memorial day massacre? that really made his year

  25. Anonymous says:

    Considering the size of JPM and the amount of RE they own (think branches, cash machines, office buildings, etc.) there are probably more than a few non-white-collar employees without email.

  26. Andel1 says:

    That’s right. He was Jay Weatley’s boss. I mis-remembered.

  27. Guest says:

    New COMEX Related Silver Manipulation Lawsuit Includes Charges of ‘Racketeering’

    “The practice of naked short selling has long been a serious issue on Wall Street,” said Steve Berman, co-counsel and managing partner at Hagens Berman. “What we know about the scope and intent of JP Morgan and HSBC’s actions in this short-selling scheme dwarfs any other similar attempt to manipulate a commodities market.”

  28. Lewis Winthorpe III says:

    one of the 200,000 people that got this email? we’re not exactly dealing with military-grade clearance here.

  29. TruthTeller says:

    Never had it to begin with. I’m calling this guy: he’s a dufus piece of shit who got lucky being a dweeb. Fuck em

  30. guest says:

    Forget town halls…he would open his mouth on weekly risk calls and you wouldn’t have thought he was capable of running a derivative trade support group, never mind the global markets group. Winters would run circles around him. Nice guy and was always loyal to Jamie though.

  31. MooseFister says:

    They prefer the term “little people”

  32. The Guest of the Guest says:

    Citing to a statement by contingency, class-action lawyer is the Never Killing It.

  33. haywood says:

    Actually, the day I quit JPM was the best day of my career

  34. haywood says:

    The guy literally doesn’t understand what a derivative is. The only thing he knows is 5 cents a share commission

  35. Anonymous says:

    I have no idea what you are talking about.

    -Bunker Hunt

  36. Pops McStocktip says:

    Back in those days we used to walk uphill both ways to work. And we liked it. You kids these days and your rap music…

  37. Guest says:

    Me too. I left JPM for much greener pastures. They took a perfectly running franchise, Bear Energy LP, and f*cked it up beyond recognition.

  38. Jimmy says:

    You sound poor.

  39. Annika says:


  40. Guest says:

    of all the stuff DB gets– hf letters no one does, SAC shit, lloyd blankfein sex tapes– THIS is the thing you’re demanding to know who leaked? really? this?

  41. Guest says:

    “there are some employees dull enough to believe that this email was personally directed to them. ”

    or you’re leaving a comment dumb enough to think anyone thinks this email was personally directed at them, considering the thousands of people who ‘with email addresses.’

  42. Anon says:

    Well who the fck doesn’t have an email address? Even tellers have email addresses and so given everyone at that bank should have one, what’s the point of that disclaimer other then to assure people it wasn’t “just for them”? Are we now just writing shit for the sake of writing shit?

    You have a negative attitude. That’s what’s stopping you.

  43. It all essentially solved my problem, thank you!

  44. Youre so cool! I dont suppose Ive learn something like this before. So good to seek out any individual with some original thoughts on this subject. realy thanks for starting this up. this website is one thing that is needed on the internet, someone with a bit originality. helpful job for bringing one thing new to the internet!

  45. There are many useful ideas in time in this publish but I don’t know if I notice all of them core to heart. There is a number of validity however I will bring hold viewpoint unless I check into it further. Good writing , appreciate it and we wish more! Added to FeedBurner as well

  46. Youre so cool! I dont suppose Ive read anything like this before. So good to search out anyone with some original thoughts on this subject. realy thanks for beginning this up. this website is one thing that’s needed on the internet, somebody with a little bit originality. helpful job for bringing something new to the web!

  47. Oh my goodness! an incredible article dude. Thank you However I’m experiencing difficulty with ur rss . Don’t know why Unable to subscribe to it. Is there anyone getting identical rss problem? Anybody who is aware of kindly respond. Thnkx

  48. I’m impressed, I have to say. Really not usually will i encounter a blog that’s both educative and entertaining, and let me tell you, you’ve hit the nail on the head. Your current idea is definitely outstanding; the thing is something not enough people are talking wisely about. I am happy that I stumbled across this in my seek something about it.

  49. I truly appreciate this post. I’ve been looking all over for this! Thank goodness I found it on Bing. You’ve made my day! Thx again!

  50. I precisely needed to appreciate you again. I do not know the things that I would have taken care of without the actual creative ideas documented by you directly on such subject matter. This has been an absolute depressing difficulty in my position, however , taking a look at the very expert manner you solved that forced me to weep for contentment. I will be thankful for the help and in addition have high hopes you comprehend what an amazing job you have been providing instructing many people using a site. Most probably you have never come across any of us.

  51. This website is the most beneficial net page.

  52. One more thing. I do believe that there are quite a few travel insurance sites of reliable companies that let you enter your trip details and get you the prices. You can also purchase an international travel cover policy on the web by using your current credit card. Everything you should do is usually to enter the travel details and you can start to see the plans side-by-side. Simply find the package that suits your allowance and needs and use your credit card to buy them. Travel insurance on the web is a good way to do investigation for a respectable company to get international travel insurance. Thanks for discussing your ideas.

  53. H2o Audio says:

    I mastered more new things on this fat reduction issue. One issue is a good nutrition is highly vital whenever dieting. A massive reduction in bad foods, sugary ingredients, fried foods, sweet foods, pork, and white-colored flour products can be necessary. Having wastes unwanted organisms, and toxic compounds may prevent targets for shedding fat. While specific drugs quickly solve the challenge, the bad side effects are not worth it, and so they never offer more than a short-term solution. It is a known proven fact that 95% of dietary fads fail. Many thanks for sharing your opinions on this website.

  54. Hello just wanted to give you a quick heads up. The text in your article seem to be running off the screen in Ie. I’m not sure if this is a format issue or something to do with browser compatibility but I figured I’d post to let you know. The design look great though! Hope you get the problem fixed soon. Kudos

  55. A lot of of what you articulate is astonishingly precise and it makes me wonder the reason why I had not looked at this with this light before. This particular article really did switch the light on for me personally as far as this subject goes. Nevertheless at this time there is just one point I am not really too comfortable with and whilst I make an effort to reconcile that with the central idea of your position, let me observe just what the rest of your visitors have to point out.Nicely done.

  56. I was just looking for this info for some time. After 6 hours of continuous Googleing, finally I got it in your site. I wonder what’s the lack of Google strategy that do not rank this kind of informative web sites in top of the list. Normally the top web sites are full of garbage.

  57. Hello.This article was extremely remarkable, especially since I was searching for thoughts on this issue last Thursday.

  58. Excellent weblog here! Also your site so much up very fast! What host are you using? Can I am getting your affiliate hyperlink to your host? I want my site loaded up as fast as yours lol

  59. Thanks for your thoughts. One thing really noticed is the fact that banks as well as financial institutions know the spending habits of consumers and understand that most of the people max out there their cards around the vacations. They sensibly take advantage of this fact and commence flooding the inbox and snail-mail box using hundreds of no-interest APR credit cards offers just after the holiday season comes to an end. Knowing that if you are like 98% of the American community, you’ll get at the possiblity to consolidate credit card debt and switch balances for 0 interest rates credit cards.

  60. You made some good points there. I did a search on the issue and found most individuals will approve with your site.

  61. I have been examinating out a few of your stories and i can state pretty nice stuff. I will definitely bookmark your site.

  62. Hello There. I found your blog using msn. This is a really well written article. I’ll make sure to bookmark it and return to read more of your useful info. Thanks for the post. I will certainly comeback.

  63. How did you make your blog site look this sick!? Email me if you want and share your wisdom. !

  64. Max Vitucci says:

    Hello. Very nice website!! Man .. Beautiful .. Amazing .. I will bookmark your blog and take the feeds additionally…I am satisfied to locate a lot of useful information here in the article. Thanks for sharing..