In tonight's story on the Dimon appointment, the Wall Street Journal reported:
"After a contentious board meeting, Mr. Dimon, 44 years old, was selected to succeed John B. McCoy, who stepped down in late December amid tumultuous infighting between the Bank One and First Chicago NBD factions of the combined bank.... The current acting chief executive, Verne Istock, who also was a candidate to become Bank One's new boss, opposed Mr. Dimon's appointment, according to people close to the matter. But at a news conference Monday, Mr. Istock was as gracious as a losing Oscar nominee, wishing his new boss the best and saying he had "no plans" to leave the company." |
