Jamie Dimon's abrupt termination from Citigroup in 1998 marked a turning point in his career. The incident was professionally shocking and personally challenging, leading him to reflect on his family's future amid supportive gatherings. After 18 months of deliberation, he considered diverse paths such as teaching, starting a bank, or retiring. A notable meeting with Jeff Bezos formed a friendship, although Dimon opted not to leave finance for the tech industry, reflecting on the drastic lifestyle change. At that time, Amazon's market scenario was considerably modest, with shares valued under a dollar.
Jamie Dimon's unexpected firing from Citigroup in 1998 was not only a professional shock but also a deeply personal one, as he faced questions about his family's future.
After being fired, Dimon spent 18 months contemplating his future, exploring options such as teaching, starting a merchant bank, and even considering retirement.
A pivotal meeting with Jeff Bezos led to a friendship, but Dimon acknowledged that moving to Amazon would have meant leaving finance for a vastly different lifestyle.
In 2000, Amazon was a far cry from its current value, with shares below a dollar and a market cap of $5.5 billion.
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