J.P. Morgan: ?N Lewe Essay

3918 words - 16 pages

InleidingJohn Pierpont Morgan word onthou as een van die stigters van die moderne Amerikaanse ekonomie. Hy was ?n industriële genie wat geakkrediteer word met die stigting van ?n menigte belangrike maatskappye soos; General Electric en AT&T . Daar word egter gewoonlik in die selfde asem na Morgan as die duiwel en redder van die ekonomie verwys. Hy het dan ook later in sy lewe ?n ere graad van die Harvard Universiteit gekry wat die volgende gelees het: ?Public citizen, patron of literature and art, prince among merchants, who by his skill, wisdom and courage, has twice in times of stress repelled a national danger of financial panic.? Robert La Follette, van die Wisconsin ...view middle of the document...

Junius is toe genooi om by die firma van George Peabody & Co. aan te sluit. In 1964 het Junius dan ook die firma oorgeneem en die naam verander na J.S. Morgan & Co.John Pierpont Morgan is gebore in Hatford op die 7de April, 1837. Terwyl hulle in Hatford gebly het, het sy vriende hom Pip genoem, ?n naam wat by hom sou bly totdat sy ouers dood is . Die familie het geblom in Hatford, en het toe later na Boston verhuis. Pip het daar die bekende Boston English High bygewoon. Hy het baie goed gedoen in daardie voortreflike skool en het toe na sy tweede Hoërskool verskuif in Vevey, Switserland. Sy familie het toe later na Londen getrek en hy het verskuif na die Universiteit van Gottingen in Duitsland. John het baie goed gedoen op Universiteit en sy hoofvak was dan ook Wiskunde.Hy het toe ook ?n belangstelling in besigheid begin ontwikkel en het ?n investering klub saam met sy vriende begin. Hy het ook op daardie stadium begin om presies boek te hou van sy persoonlike uitgawes, ?n gewoonte wat hom bygebly het tot die einde van sy lewe.In 1857, het Junius Morgan besluit dat hy sy seun se visie wou verbreed en het besluit om hom New York toe te stuur. Die firma, Duncan, Sherman & Co. was die Amerikaanse verteenwoordigers van die George Peabody Company. Hy het aan die firma geskryf en gevra vir of daar ?n opening was vir sy seun, hy het ook in sy brief geskryf dat sy seun ?baie voortreflike eienskappe vir ?n werker? . J.P. Morgan het energie en nuwe idees na die maatskappy gebring en sy wiskundige kennis het hulle ook baie gehelp. Die feit dat hy baie goeie verbindings met die Engelse bankwese gehad het, het hom ook baie gehelp. In minder as drie jaar met Morgan van ?n klerk na ?n kassier in die firma gevorder. Alhoewel hy bevordering geweier is toe sy Pa dit aangevra het is hy wel later in sy loopbaan verder bevorder.Die Oorspronklike Sindikaat: J.P. Morgan & Co. 1860In 1860 verlaat Morgan vir Duncan, Sherman en open hy J.P. Morgan & Company om as Amerikaanse agent van sy Pa se firma te dien . Op daardie stadium het J.P. sy hande vol gehad met verkoop transaksies, wat hy moet doen vir sy Pa se angstige Engelse kliënte wat bang was dat die VSA se state sou ontbind; en dus hul beleggings in die VSA wou ontlaai.In 1862 maak Morgan egter weer kontak met ?n ou besigheid vriend, wat ook eers deel was van Duncan, Sherman, ?n Mnr. Charles Dabrey. Hulle begin dan ook hul eie maatskappy, naamlik Dabrey, Morgan & Company . Morgan se besigheid het aanhou groei en hy het al meer transaksies deur sy eie maatskappy gedoen.In 1871 het Dabrey afgetree en Anthony J. Drexel het Morgan se nuwe senior vennoot geword. Drexel was al klaar die hoof van die Philadelpiese investering bank, Drexel & Co . Hulle nuwe maatskappy, Drexel, Morgan & Co. het een van die mees suksesvolle firmas op Wall Street geword. Die firma het ook die oorheersende vors vir die VSA se staat befondsing geword.Later, toe Junius Morgan gesterf het in 1890, het J.P....

Other Papers Like J.P. Morgan: ?N Lewe

Citi Group Essay

4196 words - 17 pages costs of regulatory and private litigation. During 2002, the year that many of these issues were discovered, the company lost over 30% of its market value. In May 2003, Citigroup dropped coverage of 117 firms and fired seven of its top analysts. There was an increasing number of analyst layoffs up and down Wall Street. J.P. Morgan, Goldman Sachs and Morgan Stanley cut up to 25% of their research staffs.16 In 2005, the Federal Reserve publicly

Accounting in Context Essay

5394 words - 22 pages equal to the amount of loan. - Cycle: considers the picture of economics, like the cycle of inflation or deflation, especially the development of the industry. So, basing the 5 elements to analysis before making decision, the models are created and innovated as well to manage the credit risk in the banking industry. 1. CreditMetrics: CreditMetrics was published by J.P. Morgan (1997), with the main aim is to estimate the portfolio risk due


5830 words - 24 pages [if secured also state value of security] J.P. Morgan Trust Company, National Association Mellon Bank, N.A. Citibank, N.A. JP Morgan Chase Indenture Trustee One Oxford Centre Suite 1110 301 Grant Street Pittsburgh, PA 15219 Attn: Bridget Shessler Fax No.: (412) 291-2070 Indenture Trustee Two Mellon Bank Center Pittsburgh, Pennsylvania 15259 Indenture Trustee 120 Wall Street 13th Floor New York, NY 10043 Attn: Corporate Trust

Finacial Derivatives

5963 words - 24 pages positions – the risk associated with possible changes in fi nancial prices and rates. For instance, J.P. Morgan Chase reported a value-at-risk of $281 million on the last day of 2003, which meant there was a 1 percent chance that it would make a one-day loss on its trading portfolio in excess of $281 million. Of course if the bank actually started losing sums of this magnitude, it would take steps to cut its risk. Note, moreover, that, at

The Worldcom Fraud

3511 words - 15 pages -99.1 3). p. 1 – 340. Retrieved from U.S. Security and Exchange Commission: http://www.sec.gov/Archives/edgar/data/723527/000093176303001862/dex991.htm#ex991902_5 Carbone, C. (2006). Cutting the Cord: telecommunications employment shifts towards wireless. Monthly Labor Review, 129 (7), p. 27-33. Retrieved from www.proquest.com Crawford, K. (2005, March 17). J.P. Morgan settles for $2 billion. CNN Money. Retrieved from http://money.cnn.com

The Global Ethics of Fat Cat Compensation in the Age of Recession

3218 words - 13 pages is forced to compete with them. Philosophers and business scholars need to do more research to better identify the extent of harm or potential harm. Additionally, experts could also begin to analyze whether astronomical salaries in any profession, including entertainment and professional sports, harm any stakeholder and are thus inappropriate. But in the meantime, a story told in TheCorporateCounsel.Net about businessman J.P. Morgan is

Rogue Treader

5491 words - 22 pages price”,16  SocGen would be selling at a loss. It did not help that the DAX index had already fallen by nearly 10% in the weeks before SocGen dumped Kerviel’s positions. As the International Herald Tribune commented, “The timing could hardly have been worse.”17 After subtracting €1.4 billion in profits that Kerviel’s unauthorised trades had made for the bank in 2007, SocGen’s losses were €4.9 billion.18 To cover the losses, J.P. Morgan and Morgan

Financial Analysis

4839 words - 20 pages a member of the firm’s Investment Risk Committee and Asset Allocation Committee. Previously, he was the Head of the Quantitative Engineering group at Credit Suisse Asset Management (CSAM), responsible for the application of quantitative research across various products and strategies. He joined CSAM in 2000 from J.P. Morgan Investment Management, where he was in charge of quantitative research and risk management for the Global Balanced group


4434 words - 18 pages AACSB: Reflective Thinking 7) Which firm did the Treasury allow to fail during the financial crisis? A) J.P. Morgan B) Bear Stearns C) Lehman Brothers D) American International Group (AIG) Answer: C Diff: 1 Page Ref: 17 Topic: financial crisis Objective: Provide an overview of the financial crisis of 2007-2009 AACSB: Reflective Thinking 8) Alt-A borrowers were those who A) used mortgages to purchase apartments. B) chose adjustable-rate

Strategic Information of the Information Superhighway Internet at Cb Financial Bank

2856 words - 12 pages just evolutionary, they are revolutionary, and they are transforming virtually every aspect of commerce and banking (Stewart, 2000). Not only is CB Financial taking a lead on the Information Superhighway but its three main competitors (J.P. Morgan Chase, Harris Bankcorp, & Wintrust Financial) are also forging ahead utilizing the power of information technology in banking (Tubin, 2008). As many innovation activities involve adding new

Theodore And Franklin Roosevelt

4928 words - 20 pages nightmare. He took on the Northern Securities Company, a large group of railroads owned by J.P. Morgan. He took them to court under the Sherman Antitrust Act. He felt they monopolized the business and would not allow fair competition. In 1902, he again used his power. He helped settle a strike in the coalmines by threatening to send in Federal troops. He soon became known as a President who used the power of the Presidency to help the average

Related Essays

Eddie Bauer Case Essay

1328 words - 6 pages make such drastic improvements that need to be made in order to produce the results that management has projected. Overall, management is being very optimistic in their pro forma projected balance sheets and income statements. 5. Should Bank of America and J.P. Morgan Chase continue to hold the stock, or was the time to sell when it was valued at $24 per share? (need to run some sort of valuation here) The banks should have sold their stock when it was at $24 per share. The risks of the reorganization far outweigh the successes and I do not see the stock going about $24 with the way the firm is financially structured.

Ipo Paper

1142 words - 5 pages Lynch. Acting as the lead manager is J.P. Morgan Securities LLC is and Wells Fargo Securities, LLC, Stifel, Nicolaus & Company, Incorporated, Keefe, Bruyette & Woods, Inc., Sandler O'Neill & Partners, L.P. and acting co-manager is Needham & Company, LLC. Financials From the period starting December 31, 1999 through September 30, 2011, Manning and Napier’s assets under management (AUM) has increased from $6.9 billion to $38.8 billion, a

Jp Morgan Case Study

2923 words - 12 pages there against the bank and the several employees of the bank. Reference: Introduction to JPMorgan Chase & Co. - College Essay - 9841142372. 2014. Introduction to JPMorgan Chase & Co. - College Essay - 9841142372. [ONLINE] Available at: http://www.studymode.com/course-notes/Introduction-To-Jpmorgan-Chase-Co-1644363.html. [Accessed 21 January 2014]. History | J.P. Morgan. 2014. History | J.P. Morgan. [ONLINE] Available at:https

An Inventors Time Essay

1766 words - 8 pages , weather information, and energy over air through the use of this tower. The world though he was crazy trying to so and in turn was no longer funded by his investor, J.P Morgan. (2) Tesla invented many of the technologies that are used in are world today whether it’s the radio, using his communication tower, the x-ray, the laser beam, generated through his ability to transfer voltage electricity over the air, which was an invention that open