This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

JPMorgan's Trillion-Dollar Man

And Lee's hard work has enabled him to keep ringing the cash register for JPMorgan even in a relatively quiet time for deals. For example, he helped lead a deal where JPMorgan helped finance DirecTV Group (DTV) parent Liberty Media's $530 million investment in Sirius XM Radio (SIRI) to keep it out of bankruptcy court.

He is also part of a JPMorgan effort to win the financing mandate for General Motors' emergence from bankruptcy. And if the equity markets stay healthy, private equity clients will undoubtedly look to him to help take their portfolio companies public.

Lee's fans are not restricted to the private equity realm, however. News Corp.'s Murdoch says he consults regularly with Lee, and gives him a great deal of credit for helping him buy Dow Jones in 2007 -- a deal many believed was impossible, because the Bancroft family that had owned the company for 105 years was thought to be totally opposed to the idea.

"He knew it was something I'd given a thought but he actually made the contacts and got things together," Murdoch told "Without him it wouldn't have happened or would have happened much later."

JPMorgan watchers say it is hard to imagine Lee, whose office is next to Dimon's, going anywhere else. One year, after Lee organized the firm's annual CEO schmoozing event in Deer Valley, Utah, he received a thank you note from Dimon's wife and hung it on a wall in his office.

Not that Lee hasn't had his chances to go elsewhere. Schwartzman, Blackstone's chairman and CEO, almost hired him away six years ago.

"That was a missed opportunity, but it worked out fine for him," Schwarzman told "We were quite close at that time to a deal. But he's been extremely loyal to JPMorgan over the years."

Lee's popularity among private equity clients is no doubt linked to his role as a gatekeeper.

"The most important thing about Jimmy is he can deliver," says Glenn Hutchins, co-founder of Silver Lake, a $16 billion private equity giant. "At JPMorgan they run a very transparent process. You know when they're going to make the commitment and when they do commit, Jimmy stands by the commitment. So you can do business with him in a very efficient, predictable and reliable way."
3 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AIG $53.38 -1.20%
BAC $12.95 -2.30%
BX $26.47 0.46%
GS $156.45 -0.03%
GE $28.60 -2.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs