Re: Project Jes
Jeffrey,
EFTA00712264
Here are my thoughts vis-a-vis Jes.
Let me know how you/ he want to proceed and I will get on it. Calls can happen anytime and I can see people back in London after Tuesday. Rupert and George are both very close to Mervyn King and top BoE staff
(i.e. I am seeing the Chancellor anyway next Thursday.)
Press
It is nigh impossible to get appointed without having floated a trial balloon in the press. Besides, there is no downside for him at JPM to know that he is sufficiently good that the Barclays board are considering him for CEO.
I would speak to Mark Kleinman, Business Editor of SkyNews and Jeff Randall, Editor-at-large and Chief Business Columnist of the Telegraph to put out that high-level sources suggest that JPM investment bank chief Jes Staley is being courted by headhunters.... among other things, Staley has done an impeccable job of handling JPM's relationships with European bank chiefs, politicians and regulators throughout the Euro crisis.
Treasury
I propose to call my longtime friend Rupert Harrison, George Osbome's chief of staff to say that Jes is in the running - and would make the best pick for the job. Rupert and George are both very close to Mervyn King and top BoE staff. Also to say that if Rupert/ George want to chat off-record to Jes, we can organise that.
Barclays
I would chat with Mike Rake to make the case for Jes, and also point out that he (Rake) will get praise for appointing him.
And that the financial press, FSA, BoE and Treasury will look kindly on the appointment.
I won't do anything before hearing back from you but I'm ready to go into bat for our friend.
Best wishes,
Ian
an aug 5 and 6 he is meeting with augis , sally from HR and mike rake„ jpm will put out an announcement next week that he is moving to the chariman role at a compnied treasury investment bank, ( new structure and will be responsible for tech and regulations ). so you and i should stratgize timing„ i am in wash dc sat„ new york sun thru thurs
That is promising. We should discuss this weekend whether to put out his name before or after those meetings on August 5th/6th. Not sure if the JPM move is necessarily good thing long-term; he is better off going with Barclays assuming he is asked. (His interviews will be key, but we can definitely help along the process).
I have the full shortlist from the highest place source.
3 external, 1 internal candidates - though it will almost certainly go to external - internal is just the stalking horse.
Jes
Greg Fleming
Gary Cohn
Rich Ricci (internal)
We should discuss in detail this weekend.
Fleming is only brokerage , tossed from Merrill. , Cohn is a jerk , gs culture vile
Sony for all the typos .Sent from my iPhone
Totally agree about Cohn. He is a tosser in the first degree. I think it is a good competitive landscape for Jes.
His chances are good.
Tomorrow evening is now much better for me as I've got to meet Marissa Mayer on Sunday afternoon to bring her up to speed on the Alibaba situation.