JPMorgan to the Rescue (Again)

JPMorgan CEO Jamie Dimon moved quickly to save Bear Stearns, filling a leadership vacuum on Wall Street

The tragic implosion of Bear Stearns (BSC) is a saga of missed leadership opportunities that called for candor and courage by the presumed best and brightest in finance. The result: JPMorgan Chase (JPM), led by Chief Executive and Chairman Jamie Dimon, mobilized to fill the leadership void—as the firm's namesake did a century ago during the Panic of 1907, before the creation of the Federal Reserve.

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