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Erschienen in:
2020 | OriginalPaper | Buchkapitel
2. A Private Club
verfasst von : Nicholas P. Sargen
Erschienen in: JPMorgan’s Fall and Revival
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Abstract
In The House of Morgan, Ron Chernow observes that the bank’s strategy was to make clients feel accepted into a private club. This chapter explains how the bank’s rank and file felt the same. This impression was planted on the first day when employees learned about the firm’s storied history and its guiding principle “First class business in a first class way.” This chapter discusses the role the International Economics Department headed by Rimmer de Vries played in keeping Morgan’s executives and government officials abreast of global developments. At the end of 1978, the bank announced that Lew Preston would become its next leader.