Management Hall of Fame
Most Respected Management Gurus
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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