Posts Tagged ‘Acquisitions’

JPMorgan’s Dimon Hires His Father for Bear Stearns Brokerage

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Published in Bloomberg November 7, 2009 by Elizabeth Hester 
 
If Jamie Dimon ever needs fatherly advice, he can turn to his newest employee: Dad.
Theodore “Ted” Dimon, the 78-year-old father of JPMorgan Chase & Co.’s chief executive officer, quit Bank of America Corp.’s Merrill Lynch unit yesterday to join his son’s firm, according to a person familiar with the matter. JPMorgan spokesman Darin Oduyoye confirmed the decision and said the unit had added more than 70 brokers this year.

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A Year Later, H.P.’s Bet on E.D.S. Looks Like a Winner

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Published in The New York Times September 23, 2009 by Ashlee Vance

By many measures, it has been a tough year for employees of Electronic Data Systems.

After Hewlett-Packard bought the computer services company last August for $13.9 billion, it immediately began hacking the work force. Led by a master cost-cutter, Mark V. Hurd, H.P. laid off 25,000 E.D.S. workers, and cut the salaries of some by more than 20 percent. Mr. Hurd even stripped the E.D.S. brass of their plush offices and corralled them into 6-by-6-foot cubicles.

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