A few months later, at a retirement party for J.P. Morgan CFO Dina Dublon, 52–whom Dimon was replacing with an ally from Bank One–Dimon stepped to the podium and praised her service to the company. Then he unleashed a biting one-liner: “But if you paid one dollar for Texas Commerce bank”–which J.P. Morgan acquired in 1987 for $1.2 billion–“you paid a dollar too much!” The room, studded with Texas Commerce alumni and executives who had championed the deal, went dead silent.
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