CEO Hall of Fame Most Respected CEOs & CEO Hall of Fame
J.P. Morgan (John Pierpont Morgan)
(1837-1912) - A Financial Giant
"The first thing is character…before money or anything else. Money
cannot buy it…because a man I do not trust could not get money from me
on all the bonds in Christendom." (J.P. Morgan)
Key Work
Teams up with the firm of Drexel to form Drexel, Morgan, & Co.
Morgan managed to build a string of business interests in
railroads, shipping, and electricity industry
As a financier puts together stock offering of $18 million for the
New York Central Railroad.
U.S. Government passes the Interstate Commerce Act.
Bail out U.S. government financial crisis twice
Morgan attempted to unify the railroad bosses in opposition to the
U.S. government via the formation of so-called industry "trusts.
US government downsize his business empire.
Died having a reputation of greed and arrogance. Nevertheless he was
one of the greatest financiers in US history
Books & References:
Winkler, John. Morgan the Magnificent: Life of J.P. Morgan. New York:
The Vanguard Press, 1932.
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