In her fascinating 1999 biography of J.P. Morgan,"Morgan: American Financier," Jean Strouse writes, "He could, he said, do a year's work in nine months but not in twelve." Morgan would keep a workaholic's schedule while in New York but would break for frequent trips to Europe, flopping around its spas to ward off depression and his hypochondriac fears of ill-health. He saw nothing macho about refusing holidays. The current crop of Wall Street CEOs might benefit from a similarly restorative schedule. If Goldman Sachs's Lloyd Blankfein were to hit Positano and J.P. Morgan's Jamie Dimon to take the waters in Baden-Baden from May to September, it may not help their image. But following Morgan's example, it might be better for banks' general health if their executives didn't always feel they are in permanent crisis mode. [WSJ]
Jamie Dimon Tells Idiot Shareholders They're Better Than That
They can cast votes based on what proxy firms tell them to do or they can use their own f*ckin' brains for once in their worthless lives.