Duff McDonald | |
|---|---|
 | |
| Born | Toronto |
| Occupation | Business journalist and writer |
| Nationality | Canadian American |
| Alma mater | University of Pennsylvania (BS in Finance) |
| Genre | Non-fiction |
| Years active | 1995–present |
| Notable works | The Firm Last Man Standing The Golden Passport |
| Spouse | Caroline McDonald (divorced) |
| Website | |
| www | |
Duff McDonald is a Canadian American business journalist and writer based in New York.
McDonald was born in Toronto. [1] He attended University of Pennsylvania from 1988 to 1992 and majored in Finance.[ citation needed ]
His first job after university was at Goldman Sachs. [1] By 2009, he published Last Man Standing: The Ascent of Jamie Dimon and JPMorgan Chase which was a biography on Jamie Dimon. [2] Later, he authored “The Firm: The Story of McKinsey and Its Secret Influence on American Business” which took a critical eye to the role and reputation of McKinsey & Co. [3]
In 2017, he published The Golden Passport which heavily criticized the Harvard Business School. [4]
JPMorgan Chase & Co. is an American multinational financial services firm headquartered in New York City and incorporated in Delaware. It is the largest bank in the United States and the world's largest bank by market capitalization. As the largest of Big Four banks, the firm is considered systemically important by the Financial Stability Board. Its size and scale have often led to enhanced regulatory oversight as well as the maintenance of an internal "Fortress Balance Sheet" of capital reserves. The firm is headquartered at 383 Madison Avenue in Midtown Manhattan and is set to move into the under-construction JPMorgan Chase Building in 2025.
JPMorgan Chase Bank, N.A., doing business as Chase, is an American national bank headquartered in New York City, that constitutes the consumer and commercial banking subsidiary of the U.S. multinational banking and financial services holding company, JPMorgan Chase. The bank was known as Chase Manhattan Bank until it merged with J.P. Morgan & Co. in 2000. Chase Manhattan Bank was formed by the merger of the Chase National Bank and the Manhattan Company in 1955. The bank merged with Chemical Bank New York in 1996 and later merged with Bank One Corporation in 2004 and in 2008 acquired the deposits and most assets of Washington Mutual.
McKinsey & Company is a global management consulting firm founded in 1926 by University of Chicago professor James O. McKinsey, that offers professional services to corporations, governments, and other organizations. McKinsey is the oldest and largest of the "Big Three" management consultancies (MBB), the world's most prestigious strategy consulting firms. The firm mainly focuses on the finances and operations of their clients.
James Dimon is an American billionaire business executive and banker, who has been the chairman and chief executive officer of JPMorgan Chase since 2005. Dimon was previously on the board of directors of the Federal Reserve Bank of New York. Dimon was included in Time magazine's 2006, 2008, 2009, and 2011 lists of the world's 100 most influential people. Forbes estimated his net worth at $1.6 billion as of June 2023.
William B. Harrison Jr.,, in Rocky Mount, North Carolina, is the former CEO and chairman of JPMorgan Chase. He attended high school at Virginia Episcopal School, where he was a basketball star. He attended the University of North Carolina at Chapel Hill, where he was admitted to the Zeta Psi fraternity. Having risen through the ranks of Chemical Bank before succeeding Walter V. Shipley during the Chemical Bank merger with the Chase Manhattan Corporation in 1995, which kept the Chase name. As Chairman and CEO of Chase, he and Douglas A. Warner III, then CEO of J.P. Morgan & Co., were the principal architects of the US$30.9 billion acquisition by Chase of J.P. Morgan & Co. in 2000, to form JPMorgan Chase & Co. Harrison has been a director of the Firm or a predecessor institution since 1991. Harrison is also a director of Merck & Co., Inc.
Marvin Bower was an American business theorist and management consultant associated with McKinsey & Company. Under Bower's leadership, McKinsey grew from a small engineering and accounting firm to a leader in the consulting industry. Bower, alongside Edwin G. Booz, is regarded one of the individuals most responsible for the rise of management consulting after World War II; he is considered by many to be the "father" of the modern consulting industry."
Jeffrey Sonnenfeld is the Lester Crown Professor in the Practice of Management at Yale School of Management, and Senior Associate Dean for Leadership Studies. Sonnenfeld is best known as the founder and CEO of Chief Executive Leadership Institute (CELI), affiliated with Yale University.
Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a full-time MBA program, management-related doctoral programs, and executive education programs. It owns Harvard Business Publishing, which publishes business books, leadership articles, case studies, and Harvard Business Review, a monthly academic business magazine. It is also home to the Baker Library/Bloomberg Center, the school's primary library.
One Equity Partners is a private equity firm with over $10 billion in assets under management which primarily deals with the industrial, healthcare and technology sectors in North America and Europe. One Equity Partners was the merchant banking arm of JPMorgan Chase, focused on leveraged buyout and growth capital investments in middle-market companies. Formed by Bank One in 2001, the group has offices in New York City, Chicago, Sao Paulo, Vienna, Hong Kong and Frankfurt. In 2014, it was announced that J.P Morgan was to sell off half of its stake in One Equity Partners.
The McKinsey 7S Framework is a management model developed by business consultants Robert H. Waterman, Jr. and Tom Peters in the 1980s. This was a strategic vision for groups, to include businesses, business units, and teams. The 7 S's are structure, strategy, systems, skills, style, staff and shared values.
Stephen B. Burke is an American businessman. He currently serves as the senior executive vice president of Comcast and chairman of NBCUniversal.
Mary Callahan Erdoes is Chief Executive Officer of J.P. Morgan Asset & Wealth Management, a global leader in investment management and private banking with over $4 trillion in client assets. She is also one of the longest standing members of JPMorgan Chase & Co.'s Operating Committee.
In April and May 2012, large trading losses occurred at JPMorgan's Chief Investment Office, based on transactions booked through its London branch. The unit was run by Chief Investment Officer Ina Drew, who later stepped down. A series of derivative transactions involving credit default swaps (CDS) were entered, reportedly as part of the bank's "hedging" strategy. Trader Bruno Iksil, nicknamed the London Whale, accumulated outsized CDS positions in the market. An estimated trading loss of $2 billion was announced. However, the loss amounted to more than $6 billion for JPMorgan Chase.
William Thomas Winters, CBE is an American banker who is the chief executive (CEO) of Standard Chartered, and was formerly co-head of JPMorgan Chase's investment bank.
The President's Strategic and Policy Forum was a business forum created by the U.S. President Donald Trump to give the president perspectives from business leaders on how to create jobs and improve growth for the U.S. economy. It consisted of 16 members chaired by Stephen A. Schwarzman, the co-founder of private equity firm The Blackstone Group, and started holding gatherings in February 2017.
The Golden Passport: Harvard Business School, the Limits of Capitalism, and the Moral Failure of the MBA Elite is a 2017 history of the Harvard Business School and its influence, written by Duff McDonald and published by Harper Business.
The Bloomberg Billionaires Index, launched in March 2012, is a daily ranking of the world's 500 richest people based on their net worth. It draws information from "action in the stock market, economic indicators and news reports", features a profile of each billionaire, and includes a tool that allows users to compare the fortunes of multiple billionaires. The index is updated every day at the close of trading in New York.
Gayle Jennings-O'Byrne is a venture capitalist and founder of the WOCstar Fund, a venture capital firm that invests in women of color (“WOC”) and diverse inclusive teams in the tech sector. She is best known for her work to empower women of color startups and help build wealth in communities of color and diversity. Her management and consulting company managed the iNTENT Manifesto campaign to mobilize women startups and allies across the globe.
Jennifer Piepszak is an American financial executive and has been the Chief Financial Officer (CFO) of JPMorgan Chase since May 1, 2019. Her appointment was announced on April 17, 2019. She succeeded Marianne Lake, who was the CFO since 2012. Barron's named Piepszak one of the 100 Most Influential Women in U.S. Finance. Crain's New York named Piepszak the No. 2 Most Powerful Women in New York in 2019. American Banker named Piepszak the No. 4 Woman to Watch in 2018.
270 Park Avenue, also known as the JPMorgan Chase Building, is a skyscraper under construction in the Midtown Manhattan neighborhood of New York City. Designed by the firm of Foster + Partners, the tower is expected to rise 1,388 feet (423 m) when it is completed in 2025.
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