Wednesday, September 09, 2009

Cost-reduction campaign

BookValue
The House of Dimon
Patricia Crisafulli
(http://www.wiley.com/)

Waste-cutting

One of the chapters in The House of Dimon by Patricia Crisafulli is `The turnaround of Bank One,' where you get to read about the huge challenge of waste disposal. "With $1.5 billion in expenses to be reduced at Bank One, Jamie Dimon was on a search-and-destroy mission when it came to wasteful spending. Gone were the pagers, cellphones, multiple subscriptions to the Wall Street Journal, and other perks.

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