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LAST MAN STANDING

THE ASCENT OF JAMIE DIMON AND JPMORGAN CHASE

A must-read for the business crowd.

Nicely crafted debut recounting JPMorgan Chase CEO Jamie Dimon’s climb to the pinnacle of American finance.

Now 53, Dimon became Wall Street’s “banker of choice” in 2008 when he executed the historic deal that saved the investment bank Bear Stearns and helped the U.S. government prevent widespread financial calamity. In this admiring biography, New York contributing editor McDonald describes a precocious stockbroker’s son who grew up on Park Avenue and vowed at age nine that he would make a fortune one day. Serious, headstrong and outspoken, Dimon earned a Harvard MBA and joined Wall Street legend Sandy Weill at American Express in 1982, becoming the older man’s protégé. Together they spent 15 years making a fortune. Weill hunted out financial firms worth acquiring, and Dimon closed the deals, becoming president of Primerica at age 35. Along the way Dimon developed his signature, regularly updated lists of “Things I Owe People” and “Things People Owe Me” and his credo that “it’s more important to do 10 things and get eight of them right than to do five and get them all right.” Their colossal egos finally clashing, Weill and Dimon fell out in the late ’90s, with Dimon resigning to head Bank One and then the global megabank JPMorgan Chase, which he tranformed into a high-performing firm with his trademark cost-cutting and integration of systems. McDonald shows how Dimon came out from under Weill’s shadow, exercising a penchant for openness and debate-driven decision-making and a commitment to the belief that CEOs should “drill down” (he demanded 50-page books with monthly numbers from each division head). With a new maturity that allowed him to avoid the subprime meltdown, Dimon eventually eclipsed his mentor/competitor Weill, winning recognition as a Wall Street hero for rescuing Bear Stearns and, writes the author, “a leader who knew how to make a company grow.” McDonald produces a seamless narrative of the complex deals and power struggles that characterized Dimon’s career throughout this heady period.

A must-read for the business crowd.

Pub Date: Oct. 6, 2009

ISBN: 978-1-4165-9953-1

Page Count: 352

Publisher: Simon & Schuster

Review Posted Online: June 24, 2010

Kirkus Reviews Issue: Sept. 15, 2009

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NIGHT

The author's youthfulness helps to assure the inevitable comparison with the Anne Frank diary although over and above the...

Elie Wiesel spent his early years in a small Transylvanian town as one of four children. 

He was the only one of the family to survive what Francois Maurois, in his introduction, calls the "human holocaust" of the persecution of the Jews, which began with the restrictions, the singularization of the yellow star, the enclosure within the ghetto, and went on to the mass deportations to the ovens of Auschwitz and Buchenwald. There are unforgettable and horrifying scenes here in this spare and sombre memoir of this experience of the hanging of a child, of his first farewell with his father who leaves him an inheritance of a knife and a spoon, and of his last goodbye at Buchenwald his father's corpse is already cold let alone the long months of survival under unconscionable conditions. 

The author's youthfulness helps to assure the inevitable comparison with the Anne Frank diary although over and above the sphere of suffering shared, and in this case extended to the death march itself, there is no spiritual or emotional legacy here to offset any reader reluctance.

Pub Date: Jan. 16, 2006

ISBN: 0374500010

Page Count: 120

Publisher: Hill & Wang

Review Posted Online: Oct. 7, 2011

Kirkus Reviews Issue: Jan. 15, 2006

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GENGHIS KHAN AND THE MAKING OF THE MODERN WORLD

A horde-pleaser, well-written and full of surprises.

“The Mongols swept across the globe as conquerors,” writes the appreciative pop anthropologist-historian Weatherford (The History of Money, 1997, etc.), “but also as civilization’s unrivaled cultural carriers.”

No business-secrets fluffery here, though Weatherford does credit Genghis Khan and company for seeking “not merely to conquer the world but to impose a global order based on free trade, a single international law, and a universal alphabet with which to write all the languages of the world.” Not that the world was necessarily appreciative: the Mongols were renowned for, well, intemperance in war and peace, even if Weatherford does go rather lightly on the atrocities-and-butchery front. Instead, he accentuates the positive changes the Mongols, led by a visionary Genghis Khan, brought to the vast territories they conquered, if ever so briefly: the use of carpets, noodles, tea, playing cards, lemons, carrots, fabrics, and even a few words, including the cheer hurray. (Oh, yes, and flame throwers, too.) Why, then, has history remembered Genghis and his comrades so ungenerously? Whereas Geoffrey Chaucer considered him “so excellent a lord in all things,” Genghis is a byword for all that is savage and terrible; the word “Mongol” figures, thanks to the pseudoscientific racism of the 19th century, as the root of “mongoloid,” a condition attributed to genetic throwbacks to seed sown by Mongol invaders during their decades of ravaging Europe. (Bad science, that, but Dr. Down’s son himself argued that imbeciles “derived from an earlier form of the Mongol stock and should be considered more ‘pre-human, rather than human.’ ”) Weatherford’s lively analysis restores the Mongols’ reputation, and it takes some wonderful learned detours—into, for instance, the history of the so-called Secret History of the Mongols, which the Nazis raced to translate in the hope that it would help them conquer Russia, as only the Mongols had succeeded in doing.

A horde-pleaser, well-written and full of surprises.

Pub Date: March 2, 2004

ISBN: 0-609-61062-7

Page Count: 320

Publisher: Crown

Review Posted Online: May 19, 2010

Kirkus Reviews Issue: Dec. 1, 2003

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