The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 5 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Dimon: Bank One held more credit risk than Citibank under aggressive accounting
“I quickly realized that BankOne had more U.S. Corporate credit risk
Than Citibank did.
And they, the way they accounted for it was unbelievably aggressive.
And, you know, so they had less capital, less reserves, less this.
They were calling these things profit…”
Dimon: JPMorgan merger required 75% board vote to deny him CEO role
“Inside the merge agreement, and this is almost unheard of, when we get the premium, is that to not have me become CEO 18 months later, 75% of the board would have to vote me out. And the board was eight Bank One people and eight J.P. Morgan people.”
Dimon: Bank One's 21-Member Board Was Divided With 11 Hating 10
“I, there were 21 directors. 11 hated the other 10.”
Dimon invested half his net worth into Bank One stock as incoming CEO
“And I put half my money in the stock at the time. Yeah, you, I tied my, I was going to be the captain of the ship, I was going to go down with the ship, You know, I made it clear to everyone I was here permanently, and it'll be what it is, and so I got to work…”