Dissecting The Global Economic Crisis In Davos

Last year, when JP Morgan chief executive Jamie Dimon spoke at the opening press conference at the World Economic Forum in Davos, he opened with this line: "Number one on my list is world peace."

Of course, the hot topics of conversation last year included a rogue trader at Société Générale and the potential impact of investments by sovereign wealth funds. Seems almost quaint now, doesn't it? Dimon isn't a co-chair of the annual meeting of the World Economic Forum this year, so we won't know if world peace is still number one on his list or if something more like "sustainability of the U.S. banking system" might have supplanted it.

Read the whole story here.

Comments

[hollybork]

I respect Jamie Dimon a lot. He has kept JP Morgan Chase in good shape. Thank God. He is a very savvy and conscientious businessman. Contrast JP Morgan's take over of Bear Stearns which actually strengthened them with B of A's fiasco with Merrill Lynch, which just might finish Them. Now there is this thing called performing due diligence. Maybe Dimon could present on how to "do" due diligence, and how to manage risk. That is something that all the others could learn in "shaping the global response" .....

[brighterlight]

How about opening this year with "world financial integrity and honesty"?

[Furby]

What a novel idea, I mean using world, financial, integrity and honesty in the same sentence. How do we accomplish this unless someone is brave enough to go first? And wouldn't the first neck to be stuck out be the one attached to the first head to get chopped off?