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aimed at reassuring people. Message from Steve Black and Jes Staley: Following Jamie's note, we wante
e -- it may still be too strong. Jamie's note will outline the key changes, so I think this one should be aimed at reassuring people. Message from Steve Black and Jes Staley: Following Jamie's note, we wanted to send a note to IB employees on the organization changes. First, we would like to extend our en
Staley to the position, and making co-CEO Steve Black executive chairman. The moves suggest strongly th
es executive ranks at its investment bank, announcing the departure of co-CEO Bill Winters and naming Jes Staley to the position, and making co-CEO Steve Black executive chairman. The moves suggest strongly that Staley is the board's choice to succeed Jamic Dimon in charge of the company. Rich Kahn HBRK A
ntal in persuading Mr Dimon of the merits of acquiring Bear EFTA_R1_01511256 EFTA02438181 Stearns, the failed investment bank, in March 2008. Mr Black, who is based in New York, and Mr Winters, who is based in London, often described their relationship as a "marriage" noting that they had confronta
aley, a 30-year employee of JPMorgan, to the role of the investment banking chief and de facto heir apparent is a bold one. It also involved moving Steve Black from co-head of investment banking to executive chairman of that unit. In one sudden move, Mr Dimon had reshuffled the only management team among t
chwartz. They told him that, given the state of the Company's exposure, JPMorgan's bid for the Company's stock would be low. 288. During the call, Black stated that "[t]tle fact you're at 32 doesn't mean much at this point." Black suggested that a JPMorgan bid might be in the range of $8 to $12 a sha
ooks. On Saturday night, March 15, after the reports from these due diligence teams began to make their way back to JPMorgan management, JPMorgan's Steve Black and Doug Braunstein called defendant Schwartz. They told him that, given the state of the Company's exposure, JPMorgan's bid for the Company's stoc
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