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Financier ( /fɪnənˈsɪər/; French: [finɑ̃ˈsje]) is a term for a person who handles typically large sums of money, usually involving money lending, financing projects, large-scale investing, or large-scale money management. The term is French, and derives from finance or payment.

A financier today can be someone who makes their living from investments, particularly in investing in up and coming companies and businesses. A financier makes money through this process when his or her investment is paid back with interest or from a certain percentage of the company awarded to them as specified by the business deal.

Job prerequisites[link]

Officially, there are no degrees or schooling needed to be called a financier as it is a term to describe someone who handles money. Certain financier avenues do require degrees and licenses including venture capitalists, stockbrokers, public treasurers, trust fund managers, and accountants. Investing, on the other hand, has no requirements and is open to all by means of the stock market or by word of mouth requests for money.

The term financier can also refer to a member of the Italian Guardia di Finanza.

Types of financiers[link]

• Investor/High net worth individual
• Trust Fund Manager
• Venture Capitalist

Notable financiers[link]

• Warren Buffett
• Anthony J. Drexel
• Calouste Gulbenkian
• Carl Icahn
• Kirk Kerkorian
• Edward Lampert
• Michael Milken
• J. P. Morgan
• T. Boone Pickens
• Mitt Romney
• Nathan Mayer Rothschild
• Rothschild banking family of France
• Jacob Schiff
• Haym Solomon
• George Soros
• Ruben Vardanian
• Rodrigo Aguirre Menezes

See also[link]

• Business magnate
• Philanthropy
• Usury

Further reading[link]

• Josephson, Matthew, The Money Lords; the great finance capitalists, 1925-1950, New York, Weybright and Talley, 1972.

References[link]

Jamie Dimon
Jamie Dimon at the Financial Times CNBC Davos Nightcap, January 26, 2012
Born	James Dimon (1956-03-13) March 13, 1956 (age 56) New York, New York, U.S.
Residence	Upper East Side, Manhattan
Alma mater	Tufts University (B.A.) Harvard University (M.B.A.)
Occupation	Chairman, President and CEO of JPMorgan Chase
Board member of	Federal Reserve Bank of New York
Spouse	Judith Kent
Children	Julia, Laura, Kara Leigh

James "Jamie" Dimon (born March 13, 1956) is an American business executive. He is the current chairman, president, and chief executive officer of JPMorgan Chase, one of the Big Four banks of the United States, and has served as a Class A director of the Board of Directors of the New York Federal Reserve since January 2007.^[1][2] Dimon was named to Time magazine's 2006, 2008, 2009, and 2011 lists of the world's 100 most influential people. He was also named to Institutional Investor's Best CEOs list in the All-America Executive Team Survey from 2008 through 2011.^[3] He was named the CEO of the Year in 2011.^[4][5][6]

He received a $23 million pay package for fiscal year 2011, more than any other bank CEO in the United States.^[7]

Early life[link]

Dimon was born in New York City to Theodore and Themis Dimon. He is of Greek descent and attended Browning School.^[8] He has an older brother, Peter, and a fraternal twin brother, Ted. Dimon's father and grandfather were both stockbrokers at Shearson.^[9]

He majored in psychology and economics at Tufts University. During one summer's break from Tufts, he worked at Shearson. After graduating, he worked in management consulting for two years before enrolling in the Harvard Business School along with classmates Jeffrey Immelt, Steve Burke and Seth Klarman. During the summer's break at Harvard, he worked at Goldman Sachs. He graduated in 1982, earning a Master of Business Administration degree as a Baker Scholar. After graduation, Sandy Weill convinced him to turn down offers from Goldman Sachs, Morgan Stanley, and Lehman Brothers to join him as an assistant at American Express.^[10] Although Weill could not offer the same amount of money as the investment banks, Weill promised Dimon that he would have "fun".^[11] Dimon's father, Theodore Dimon, was an executive vice president at American Express. The younger Dimon came to Weill's attention when Theodore passed along an essay that Jamie had written.

Career[link]

In a power struggle, Weill left American Express in 1985 and Dimon followed him. The two then took over Commercial Credit, a consumer finance company, from Control Data. Dimon served as the chief financial officer, helping to turn the company around. Through a series of unprecedented mergers and acquisitions, in 1998 Dimon and Weill were able to form the largest financial services conglomerate the world had ever seen, Citigroup. Dimon left Citigroup in November 1998, after being fired by Weill during a weekend executive retreat.^[12] It was rumored at the time that he and Weill argued in 1997 over Dimon's not promoting Weill's daughter, Jessica M. Bibliowicz,^[13] although that happened over a year before Dimon's departure. Many other accounts cite other, more substantive, issues as the real reasons.^[14] In his 2005 University of Chicago Graduate School of Business Fireside Chat and 2006 Kellogg School of Management interviews, Dimon confirmed that Weill fired him.

In March 2000, Dimon became CEO of Bank One, the nation's fifth largest bank.^[15] When JPMorgan Chase purchased Bank One in July 2004, Dimon became president and chief operating officer of the combined company.

On December 31, 2005, he was named chief executive officer of JPMorgan Chase and one year later, on December 31, 2006, he was named chairman of the board.^[16]

In March 2008 he was a board member of the New York Federal Reserve Bank and CEO of JPMorgan and made decisions in connection with the $55 billion loan to J.P. Morgan to bail out Bear Stearns.^{[citation needed]}

Under Dimon's leadership, with the acquisitions during his tenure, JPMorgan Chase has become the leading U.S. bank in domestic assets under management, market capitalization value, and publicly traded stock value. JPMorgan Chase is also the No. 1 credit card provider in the U.S.^{[citation needed]}

In 2009, Dimon was considered one of "The TopGun CEOs" by Brendan Wood International, an advisory agency.^[17][18]

On September 26, 2011, Dimon was involved in a high-profile heated exchange with Mark Carney, the governor of the Bank of Canada, in which Dimon said provisions of the Basel III international financial regulations discriminate against U.S. banks and are "anti-American".^[19]

On May 10, 2012, JPMorgan Chase initiated an emergency conference call to report a loss of at least $2 billion in trades that Dimon said were "designed to hedge the bank's overall credit risks". The strategy was, in Dimon's words, "flawed, complex, poorly reviewed, poorly executed, and poorly monitored".^[20] The episode is being investigated by the Federal Reserve, the SEC, and the FBI.^[21]

After JPMorgan's $2 billion loss, Paul Krugman criticized Dimon as

the point man in Wall Street's fight to delay, water down and/or repeal financial reform. He has been particularly vocal in his opposition to the so-called Volcker Rule, which would prevent banks with government-guaranteed deposits from engaging in "proprietary trading", basically speculating with depositors' money. Just trust us, the JPMorgan chief has in effect been saying; everything's under control. Apparently not.

The key point, wrote Krugman, "is not that the bet went bad; it is that institutions playing a key role in the financial system have no business making such bets, least of all when those institutions are backed by taxpayer guarantees".^[22]

Dimon commented on the Volcker Rule in Jan'2012, "Part of the Volcker Rule I agreed with, which is no prop trading. But market making is an essential function. And the public should recognize that we have the widest, the deepest, the most transparent capital markets in the world. And part of that is because we have enormous market making. If the rules were written as they originally came out; I suspect they'll be changed, it would really make it hard to be a market maker in the United States.” ^[23]

Federal TARP Funds[link]

As head of JPMorgan Chase, Dimon oversaw the transfer of $25 billion in funds from the U.S. Treasury Department to the bank on October 28, 2008, under the Troubled Asset Relief Program (TARP).^[24] This was the fifth largest amount transferred under Section A of TARP^[25] to help troubled assets related to residential mortgages. It has been widely reported ^[26] that JPMorgan Chase was in much better financial shape than other banks and did not need TARP funds but accepted the funds because the government did not want to single out only the banks with capital issues.

JPMorgan Chase advertised in February 2009 that it would be using its capital-base monetary strength to acquire new businesses.^[27]

By February 2009, the U.S. government had not moved forward in enforcing TARP's intent of funding JPMorgan Chase with $25 billion.^[24] In the face of the government's lack of action, Dimon was quoted during the week of February 1, 2009, as saying,

JPMorgan would be fine if we stopped talking about the damn nationalization of banks. We've got plenty of capital. To policymakers, I say where were they? ... They approved all these banks. Now they're beating up on everyone, saying look at all these mistakes, and we're going to come and fix it.^[27][28]

JPMorgan Chase was arguably the healthiest of the nine largest U.S. banks and did not need to take TARP funds. In order to encourage smaller banks with troubled assets to accept this money, Treasury Secretary Henry Paulson allegedly coerced the CEOs of the nine largest banks to accept TARP money under short notice.^[29] JPMorgan Chase was also the first of the largest banks to repay the TARP money.^{[citation needed]}

Relations with the Obama Administration[link]

Dimon is a Democrat and worked in Barack Obama's adopted hometown of Chicago.

After Obama won the 2008 presidential election, there was speculation that Dimon would serve in the Obama Administration as Secretary of the Treasury. Obama eventually named the president of the Federal Reserve Bank of New York, Timothy Geithner, to the position.^[30]

Following the acquisition of Washington Mutual by JPMorgan Chase, Obama commented on Dimon's handling of the real-estate crash, credit crisis, and the banking collapse affecting corporations nationwide, including major financial institutions like Bank of America, Citibank, and Wachovia:

You know, keep in mind, though there are a lot of banks that are actually pretty well managed, JPMorgan being a good example, Jamie Dimon, the CEO there, I don't think should be punished for doing a pretty good job managing an enormous portfolio.^[31]

Dimon is influential in the Obama White House with close ties to some there, including former Chief of Staff Rahm Emanuel.^[32] Dimon was one of three CEOs—along with Lloyd Blankfein and Vikram Pandit—said by the Associated Press to have had liberal access to Treasury Secretary Timothy Geithner in the seven months during the financial crisis in fall 2008.^[33][34] Nonetheless, Dimon has often publicly disagreed with some of Obama's policies.^[35]

On the May 15, 2012, episode of ABC's The View, Obama responded to a question from Whoopi Goldberg regarding JPMorgan Chase's recently publicized $2 billion trading losses by defending Dimon against allegations of irresponsibility, saying, "first of all, JP Morgan is one of the best managed banks there is. Jamie Dimon, the head of it, is one of the smartest bankers we've got", but added, "it's going to be investigated."^[36]

Personal life[link]

Dimon is married to Judith Kent; they have three children—Julia, Laura, and Kara Leigh. Kent is Jewish; Dimon is not.^[37]

Fictional portrayals[link]

Dimon is portrayed by Bill Pullman in the 2011 HBO film Too Big to Fail and by Michael Brandon in the BBC TV film The Last Days of Lehman Brothers.

References[link]

External links[link]

• Profile at JPMorgan Chase
• Executive profile at Businessweek
  • 1996 BusinessWeek profile
• Appearances on C-SPAN
• Jamie Dimon on Charlie Rose
• Works by or about Jamie Dimon in libraries (WorldCat catalog)
• Jamie Dimon collected news and commentary at The New York Times
• Jamie Dimon collected news and commentary at The Wall Street Journal
• Jamie Dimon collected news and commentary at Business Insider
• Jamie Dimon at the Notable Names Database
• Highest-paid men: 19. Jamie Dimon. CNN Money, 2007

Interviews and articles

• Jamie Dimon: Crain's New Influentials
• Interview with Financial Times
• Jamie Dimon: Rising to the Top, Again. - Monroe Street Journal, November 12, 2001
• Bank One Chairman and CEO speaks to Executive MBA students, video of an address at Kellogg School of Management, October 4, 2002
• In This Corner! The Contender, Fortune, March 21, 2006
• [1] 2009
• [2], book about Jamie Dimon, Last Man Standing

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Stanley Louis "Stan" Klos (born January 18, 1954), a former amateur Italian basketball player,^[1] businessman, and historical preservationist. Klos was a U.S. Senate GOP Nominee who challenged Robert C. Byrd for the West Virginia seat in 1994.

Klos was born in New York City, New York to Dr. Louis A. Klos, founder of the National Catholic Business Education Association, and Eileen Hundertmark. Klos became interested in historical preservation in his early teens acquiring antiques at flea markets in the 1960s. In the 1970s he turned his pursuits to automobiles, assembling a collection of classic cars. He currently resides in Florida with his eight children.

Historic preservationist[link]

In the 1980s and 1990s, Klos began preserving historic properties, eventually accumulating 32, including: 1774 Revolutionary War Tavern, Millstone, NJ; 1790 Imlay Mansion, Allentown, NJ;^[2] 1845 McCullough Mansion and Estate, Ohio County, WV;^[3] 1870 Coachman Estate, tabby construction, Cedar Key, Florida; 1887 Spring Lake Hotel, Spring Lake, NJ;^[4] 1887 Presbyterian Stone Church, Carnegie, PA,^[5] 1870 Adams County Court House Annex Building Gettysburg, PA;^[6] 1898 Edinburg Village, West Windsor, NJ;^[7] 1904 Victoria ^[8] Vaudeville Theater, Wheeling, WV;^[9] 1904 Mason Building, Carnegie, PA; 1917 Honus Wagner Home,^[10] Carnegie, NJ; University Place, Princeton, NJ; 1915 West Virginia Bank Building, ten-story terra cotta, Wheeling, WV.^[11]

In the 1990s, Klos began collecting historical documents, and placed these primary sources online at hundreds of URLs named after their notable subjects or authors, such as (benjaminfranklin.org), (fortpitt.org), (worldwarII.org). These documents were re-formed into award-winning exhibits that are featured at museums, universities, and special events all across the United States.^{[12][13][14][15][16]}

In 2004, Klos, as a board member of the James Monroe Foundation, proposed that JMF acquire and restore the family farm and birthplace of President James Monroe. On April 4, 2005, the County of Westmoreland signed a 99-year lease with the foundation, and Klos was named Chairman of the James Monroe Birthplace Commission.^[17] Under the stewardship of James Monroe Foundation's President G. William Thomas, archaeologists from the College of William & Mary began the site study for restoration in 2006.^[18]

Klos was co-founder of The James Monroe Scholarship Award established in 2001 by the James Monroe Foundation.^[19] The award is an annual essay contest for juniors and seniors enrolled in a public, private or home-school high school programs. All 1st-, 2nd- and 3rd-place essays are posted online at jamesmonroe.org.^[20]

Klos is the co-founder of Dinosaur Safaris, Inc., in Shell, Wyoming.^[21][22] The company is headed by paleontologist Bob Simon. Under Simon's stewardship, four fully articulated dinosaurs–Camarasaurus, Stegosaurus, Diplodocus, and Camptosaurus–have been discovered.^[23]

Authorial activities[link]

President Who? Forgotten Founders '^[24] is a landmark work that unravels the complex birth of the U.S. Presidency ^[25] while providing captivating biographies on four Presidents of the Continental Congress and ten Presidents of the United States in Congress Assembled serving before George Washington from 1774- 1788.^[26] Peppered with pre-1789 letters, resolutions, treaties, and laws signed as President of the United States, the book relies heavily on primary sources as proofs the office existed before 1789.^[27] Who was the first President of the United States? ^[28] “Happy Birthdays USA” ^[29] answers the question; When is the true birthday of the United States of America? The book asks the readers to open their minds and discover a secret beginning that was conceived in a Philadelphia Tavern, delivered in a NYC Tavern, and cradled in a renovated City Hall. The USA Founding was a complicated but most miraculous birth. This U.S. Founding Handbook completely documents the nation's birth.^[30]

Virtualology[link]

Virtualology.com, a website that hosts historical documents, art, natural history research and biographies, was created by Klos. It hosts a copyrighted, edited version of Appletons' Cyclopædia of American Biography under its FamousAmericans.net website.^[31] Virtualology created an online educational venue where students published their work on the appropriate World Wide Web sites.

The Virtualology Project, founded in 1999, was designed with its own search engine, Evisum.com^[32] and coupled it with an online research model that included over 7,500 unique URL addresses of notable individuals (GaiusJuliusCaesar.com), events (BattleofYorktown.com), places (HimalayaMountains.com) and things (thedeclarationofindependence.org). In 1999, this enabled visitors to merely type the researched name into any browser, yielding a Virtualology educational site. These educational sites were organized into five virtual museums and one virtual library. The distinctive twist was that each domain name became an exclusive student-publishing web site. Student submissions were presented through their teachers and routed directly to the individual sites either to the URLS' editing sponsors or to Virtualology Editors. Editing sponsors were educators from a variety of educational institutions including museums, libraries, foundations, universities, and historical societies who became responsible for their URL’s content. Virtualology created an environment where students published their work on URLS named for the topic of their research. 13 months after Virtualology's launch USA Today voted it as one of its “Hot Sites”.^[33]

Politics[link]

As 1992-1994 West Virginia Republican State Committee  Finance Chairman, he turned around an under performing Republican State Political Committee by completely changing its business model and strategy. Grew annual contributions by 750%. As1994 Republican Nominee U.S. Senate - won the West Virginia Republican Party's nomination for U.S. Senate after defeating physician Arthur R. Gindin in the primary 61% to 39%. Campaigned as a "sacrificial lamb" against Robert C. Byrd participating in the Republican U.S. Senatorial Committee’s strategy to re-capture a majority in the United States Senate in 1994. Strategy was successful as Robert C. Byrd (D), although elected 290,495, 69% to Stan Klos (R), 130,441, 31%, spent $1,550,354 to Klos' $267,165.^[34] Additionally the Democratic Party invested over $1 million in that State's U.S. Senatorial Campaign to the Republican Party's $15,000. The GOP captured a majority in the U.S. Senate. The highlights of the campaign included the hiring of an actor to play Robert C. Byrd who toured in staged Statewide Debates when the incumbent refused Klos's invitation for a series of formal Senatorial Debates. The campaign also organized successful demonstrations against the Bill and Hillary Clinton National Health Care Bus as it traveled through West Virginia in the summer of 1994. Senator Byrd, while the bill was being debated on the Senate floor rose suggesting the brakes be put on approving National Health Care measure while the bus was completing its tour in WV. To Klos's credit, the campaign did not implement the "Death by a Thousand Cuts" plan proposed by strategists which was later acknowledged in speeches given and letters written by U.S. Senator Byrd.^[35]

• 1996 State Treasurer Nominee - recruited by WV State Committee Chairman Steve La Rose, Klos uncovered a scheme to circumvent the WV State Constitution's ban on investing State funds into equities during his campaign for State Treasurer. Klos challenged the “West Virginia Trust Fund” which was declared unconstitutional by the WV Supreme Court on February 25, 1997.^[36] The following year an amendment to the State Constitution allowing equity investments was proposed to the voters and passed by a 71 to 29 percent margin. The Wheeling News Register summed up Klos’s efforts in their Editorial "Klos Took A Stand Based on What is Right" ^[37]

Basketball[link]

NCAA I career[link]

• 1972-1974 St. Peter's College - Center/Forward
• 1975-1977 Idaho State University - Center/Forward

International Basketball Federation[link]

Klos played for Italy's Amaro Harrys Bologna^[38][39] of the Italian Basketball Association.^[40] He also was the Captain of the United States Basketball Team which participated in European International Tournaments in 1979.,^[1][41]

References[link]