There’s Something Wrong With This Picture

So, lately I’ve been reading the business section of both the Washington Post and the New York Times.  With the real estate industry so tied to the economic news, and more specifically to the banking news, it just seems that it makes sense to stay up on what’s happening in that sector. 

On Tuesday, the front page of the Business Day section of the New York Times has a story about the JPMorgan purchase of Bear Stearns.  A photo accompanies the article.  It shows two men in white shirts, ties and suits walking side by side.  One is identified in the photo as James Dimon, the chief executive of JPMorgan and the other gentleman is not identified at all.  It becomes clear, as one studies the photo, that this unnamed gentleman is there for a specific reason.  He’s the person who holds the umbrella for the high powered JPMorgan exec.  On second glance, you even notice that the umbrella matches the necktie of said executive.

There’s something wrong with this picture.  Here’s a guy, James Dimon, who is already perceived as some sort of corporate raider….and he can’t even hold his own umbrella.  In today’s world, where the differences between the “haves” and the “have nots” are growing at a rapid rate, someone should have told this guy that perhaps this wasn’t the public image that best suited him.  I’m sure he’s a smart man who has earned his position, but I’m also sure that the employees of Bear Stearns and the other hundreds of Wall Street workers who are facing tough times and possible job losses would have preferred to be addressed by a guy who can get right down there in the dirt and hold his own umbrella. 

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