IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-030-47058-6_21.html
   My bibliography  Save this book chapter

The Managing Directors’ 2000 Convocation

In: JPMorgan’s Fall and Revival

Author

Listed:
  • Nicholas P. Sargen

    (Nicholas Sargen Advisory LLC)

Abstract

As Morgan’s managing directors gathered for the January 2000 convocation in the Millennium Hotel, the attendees anticipated it would have special importance. The reason: Morgan’s share price had lagged its main competitors and Sandy Warner and other senior managers would give their assessment of what was required to get Morgan back on track. Warner indicated that Morgan had made considerable progress on several fronts, but it had not become a bulge bracket firm in equities where the lions’ share of money was made. Management presented a plan to expand Morgan’s customer base to include high net worth households and the mass affluent. However, when the offering failed to garner many prospects, it soon became apparent the foray was Dead on Arrival (D.O.A.) By summer, word was out that Morgan was in play. On September 14, an announcement was made that Chase would acquire Morgan for an all-stock deal valued at just under $31 billion.

Suggested Citation

  • Nicholas P. Sargen, 2020. "The Managing Directors’ 2000 Convocation," Springer Books, in: JPMorgan’s Fall and Revival, chapter 21, pages 207-215, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-47058-6_21
    DOI: 10.1007/978-3-030-47058-6_21
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-030-47058-6_21. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.