Dimon's 'Single Greatest Asset', Moynihan Faces Tough Task

Vanity Fair has a profile on JPMorgan Chase CEO Jamie Dimon. And in it, journalist Nigel Parry details what he thinks is Dimon's 'Single Greatest Asset'.

'(He's) fit. For a banker, he's nice-looking. And he's got that head of fluffy white, unbankerish hair.

Your could argue that Dimon's single greatest asset is that he doesn't look like Dick Fuld. Fuld, the former CEO of Lehman Brothers, is a virtual Thomas Nast caricature of the venal banker; all that is missing is the stovepipe hat and the mustache-twirling.

Because of his looks, Fuld has probably had a rougher ride of it over the past two-years. And because of his looks, Dimon has probably had too easy a ride'.

(Ed's comment - Hmmm. And there was us thinking Fuld had a tough time as he was CEO of a failed company that ended up ruining the lives of countless individuals, who lost their jobs, a lot of their net worth, or worse).

Finally, Reuters reports that Bank of America CEO Brian Moynihan will be facing the music this week at the firm's first investor day since 2007.

The news agency quotes Guggenhein Securities bank analyst, who said: 'This is the beginning of where the rubber meets the road for Brian'.

And Tony Plath, banking professor at University of North Carolina at Charlotte said: 'They've (Bank of America) continually said 2010 was about building towards the future, but they won't get another year of that kind of leeway from investors. They're going to have to show results'.

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