In 2011, Dean O'Malley walked away from a high-paying job with no plans for the future, other than to escape the world of finance. His IT job at JPMorgan Chase (JPM) had survived the financial crisis, but he had no desire to stick around for the next one. O'Malley had grown tired of the crazy hours, increasing regulation and negative stigma. "Banking was one of those industries where we were seen as the root of all evil. I felt like I wasn't really doing any positive work," the Southern California native told CNNMoney. Just two weeks after leaving his Vice President of Technology post, O'Malley ran into a friend who opened up a very different career path. Her family was launching a business based on jetpacking, an emerging extreme water sport that lets riders fly above the water James Bond-style. Even though he thought jetpacks looked crazy at first, O'Malley eventually agreed to run day-to-day operations and invest in the new business, which launched in Newport Beach, California. Three years later, O'Malley is loving life as president of Jetpack America, a business he's led to $1 million in annual gross revenue. He's making just a fraction of what he took home at JPMorgan, but O'Malley said he's in it for the long haul. "Not a day goes by that I don't thank myself for walking away from the old job," said O'Malley, who is 38 years old. [CNNMoney]
JP Morgan Shows 5 Employees The Door For Sports Betting On The Clock
Turns out gambling at the office is not a great idea.
JP Morgan Tells Employees To Go Ahead And Take The Weekend Off
And not just one each month. Take 'em all!