Summary of Last Man Standing

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Last Man Standing book summary
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Rating

8 Overall

7 Applicability

7 Innovation

8 Style

Recommendation

Duff McDonald’s book covers a fascinating historical moment – the 2008-2009 Wall Street debacle – by profiling a pivotal character in the thick of it, Jamie Dimon, CEO of JPMorgan Chase. Having spent extensive time with Dimon, McDonald combines his reporting with published sources, Dimon’s own writings and statements, and interviews with his associates, employees or relatives. McDonald covers Dimon’s youth, business school education and evolving career. Dimon was a nonconformist in business school and politics, an astute lieutenant of his mentor Sandy Weill, and a pivotal figure in the financial crisis. Notably, he preserved JPMorgan Chase, bought Bear Stearns and helped lead the market back to stability. Readers interested in a critical take on Dimon may find the book too flattering, but if you want to see how the financial wars looked from the CEO’s chair, getAbstract recommends this intriguing perspective.

In this summary, you will learn

  • How Jamie Dimon’s high finance career developed;
  • How he became CEO of JPMorgan Chase; and
  • How he became an industry leader and played a role in saving Wall Street.
 

About the Author

Duff McDonald is a contributing editor at New York magazine and the recipient of two Canadian National Magazine Awards.

 

Summary

Hereditary Banker
Jamie Dimon’s grandfather left Greece as a refugee, making his way to New York in 1921. He changed his surname from Papademetriou to Dimon, perhaps because the new name made it easier to get work as a restaurant busboy. Family legend says the restaurant fired him and ...

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