Chase Alumni: CrowdStrike Disaster; Dow Contest + RIP: Ed Kara

 
 
 
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  Dear [first_name]:
 
There's been a delay in receiving photos from the Monday, September 30th CAA NYC reception (which, if we say so ourselves, was terrific!). We'll post pictures as soon as we can. Meanwhile...
 
# Indicates new articles or articles that have added content
 
# NEW CONTEST: How Now, Dow Jones 2024 
Guess where the Dow will be at the end of the last trading day of 2024, Friday, December 27, 2024. Predictions are due by Tuesday, October 15, 2024 at 5pm (Eastern). Note this is for the closing Dow, NOT the JPM stock price. You can only send one entry, and, to avoid ties, your estimate should include two decimal places (e.g., 40,123.45). Please send to
news@chasealum.org, with Dow in the subject line. You must be a dues-paying CAA member to be eligible for the $400 Amazon gift card that will go to the winner. Good luck!
 
# SAVE THE DATES! We expect to announce the details and open registration right after the Columbus/Indigenous Peoples Weekend for a CAA sojourn in Tucson, Arizona, next March 3 through 7. (We're programming four nights and three days for the mini-reunion. You can extend your warm-weather stay on your own to hike, play golf, go birding, stay at a spa, or visit Phoenix, Scottsdale or other nearby sites of historic, cultural and recreational interest.) 
     Tucson is a UNESCO City of Gastronomy for its Native American and Mexican culinary influences, a city with the Old West in its DNA and, increasingly, a cultural and academic hub in the southwest. (One writer has quipped that "what Austin is to Texas, Tucson is to Arizona"!) 
     We're hoping to attract 30 to 35 participants from around the country to Tucson, aka "the Old Pueblo". You'll need to be a dues-paying CAA member to register and may bring one guest. Let's gather 'round the cacti and the OK Corral! Details/pricing to come soon.
 
NEWS & EVENTS (PAST AND FUTURE)                                          
 
# JOIN WAITING LIST: The guided highlights tour of the American Museum of Natural History is fully subscribed. If you want to be added to the waiting list in case of cancellations, please contact Andrea at news@chasealum.org.
     Chase alumnus Ron Mayer (not pictured) is a tour guide at the museum and has kindly offered to lead a group of 20 alumni on a 75-minute highlights tour on the afternoon of Wednesday, October 30, 2024. (Ron's live remarks will be piped through headsets.) The tour will begin at 1:45 pm, but Ron recommends arriving at the museum at least a half hour before that.
    The tour is free, but you will be responsible for obtaining online your own time-specific admission ticket to the museum. (Tickets are free for members and NYS residents, different prices for out-of-state visitors and extra if you also want to go to one of the museum's special exhibits.) We recommend waiting until the week before the event in case of any changes. After you sign up, you will get instructions about obtaining your ticket and where to meet.
 
Eight members of CAA Frankfurt visited Bernd Pfarr's exhibit at Frankfurt's Caricatura Museum on Wednesday, September 25, 2024, followed by dinner at Ristorante Sardegna. Photos by Ines Gebbe.
 
 
 
 
 
 
 
 
 
    
Read this New York Post story to learn how the current owner of 28 Liberty Street is upgrading what was once 1CMP (1 Chase Manhattan Plaza).
 
 
 
Ed Moran found an amusing story about Joseph Reed, David Rockefeller's closest associate, in a book about traveling on Air Force One. You can decide whether it's a story about broken communication, as the author suggests, or about entitlement or chutzpah! Now we've added a vintage Reed story from Bill Flanz. We welcome other stories about Reed. Send to news@chasealum.org.
 
 
 
In a story about how Texas has become a burgeoning financial hub, The Wall Street Journal reported that JPMorgan Chase has more employees in the Lone Star State than in New York State – 31,000 vs 28,300!
     "In Texas, about 12,700 [JPMC] employees work out of a 50-acre campus in the Dallas suburb of Plano, where meeting rooms are decorated with saddles and Western wear and on-site eateries include a Texas barbecue stand. The complex, comprising four buildings and 1.5 million square feet of office space, has doubled its employees since it opened in 2017," writes WSJ reporter Elizabeth Findell.
 

Readers may enjoy this article from Green Building Elements about the design of JPMorgan Chase's new global headquarters, with its special focus on sustainability. (Image: Foster + Parners)

 
 
 
1867-1967: A Century in the City Thanks to  Chase Alumnus Allan Wright, who shared a 57-year-old brochure celebrating Chase's first 100 years in the City of London. Due to limitations with image resolution on our website, we strongly recommend looking at the two-part posting of the brochure on a laptop or desktop, not a tablet or phone. Click on these links for PART ONE and PART TWO. We'd love to hear from alumni about changes to Chase London and Chase UK since the brochure was published...or more stories about the "good old days".
 
HAPPY ANNIVERSARY! July 1, 2024 marked the 20th anniversary of the merger between Bank One and JPMorgan Chase -- the merger that brought JPMC Jamie Dimon. We've added a cute story from Tom Buda. If you want to add to other Chase alumni recollections of the merger or write about its impact, send your thoughts to news@chasealum.org.
 
 
Gene Ret (not pictured), a privacy expert whose 30-year Chase career included privacy work, gives some practical advice on how to avoid and recover from identity theft. Gene has also added something to the article following an alumna's question. Previously, Ret wrote for us on how to reduce spam texts, emails and phone calls.
 
 
CAA TECH CORNER WITH DAN ALVAREZ                                       
 
In his eighth feature dedicated to defining emerging trends in technology, in plain English, CAA board member Dan Alvarez covers the largest and most expensive IT outage in history: the CrowdStrike disaster. This article dives a bit deeper into enterprise cybersecurity concepts and also provides a great example of how a single seemingly innocuous mistake caused over $10 billion in global damages within a short amount of time.
     Dan's columns look at tech trends at a "100-level" for Luddites, brilliant (of course) but non-technologically inclined bankers and anyone else in the financial world embarrassed to ask basic questions while looking at the "big picture". 
 
LIFE AFTER CHASE                                                                            

Dave Farrell had a short tenure with The Chase Manhattan Bank of South Africa before The Standard Bank of South Africa (SBSA) absorbed Chase's three South African branches, but Chase left an impression and opened up his world. Farrell's account includes many "bankers in danger" moments of his lifetime in African banking, which, he says, is not for the faint of heart.

 
 
 
EVENT PHOTOS                                                                                  
 
# Remember: Dues-paying Chase Alumni Association members can explore the numerous photo albums on the website. 
 
# John Carson, Burt McGillivray, and Tom Coyne recently reconnected at their 40th Harvard Business School Reunion, swapping memories of their adventures on the 7th floor of 1CMP:
 
 
 
 
CAA Austria had a full house for its annual pre-summer luncheon on June 13, 2024. Click here to see photos. (Viewable by all)
 
 
 
A new photo album for additional pictures of the CAA's May 1-10 trip to the south of France and Monaco is now up, viewable by dues-paying CAA  members. All website readers can enjoy a two-part travelogue with other photos that was posted last week. We recommend looking at it on a laptop or desktop rather than a tablet or phone. Click on these  links for PART ONE and PART TWO. C'est si bon!
 
Tod Winston (photo) of NYC Audubon led an early bird walk for newbie and experienced CAA birders on Monday, May 13, 2024 in Central Park's magnificently rustic North Woods. Click here for details and imagesThe birds were plentiful (warblers! grackles! ovenbirds! a Baltimore oriole! a woodpecker! a whopping 50 species in total!) and the weather terrific.  
 
 
 
 
 
MOMENTS IN BANK HISTORY                                                           
 
 (And remember...you have friends at Chase Alumni who want to see photos of your Bank memorabilia! Please send to news@chasealum.org.
 
Object of the Week: First National Bank of Chicago Box Record Keeper File
 
 
 
As we do every year, we are remembering 9/11's impact on alumni, downtown and elsewhere, on that day and since. We are starting a new collection of stories, beginning with a remembrance by Tom Buda.  If you have a story to add to this collection, please send it to Andrea at news@chasealum.org.
 
Memories of 9/11 (published 2001)
 
For 10 years at least, Chase Manhattan ran ads for the CMB Personal Trust Department featuring chained, supersized (nest) eggs. See how the ad campaign evolved and presented ideas for retirement over the 14 ads we've captured from the 1950s and 1960s. (Two separate posts)
 
 
 
 
 
 
LOOKING FOR INPUT...                                                                                                 
We're always looking for new Lives After Chase (in non-financial areas) and Moments in Bank History. We also welcome new contributions to such existing series of articles as: Ex-Pat Housing, Corruption, Mentors, Bankers in Danger and our newest, Corporate Culture. Please remember to send your story or story ideas to Andrea at news@chasealum.org. As always, you can write something up, or Andrea can interview you and write it up for you.
 
IN MEMORIAM                                                                                     
 
Please send remembrances and news of recent alumni deaths to news@chasealum.org
 
# Edward Kara, 80, who worked in Treasury and Global Trading at Chase Manhattan from 1976 to 1998, died in Pennsylvania on August 2, 2024, after a long battle with cancer.   
 
 
 
 
 
Bob Egan, 88, a senior presence in Chase's legal department from 1980 to 2016, died in New York on August 24, 2024. He was also a longtime contributor to the civic and political life of New York City. A memorial celebration will be held at the Yale Club in New York on October 13, 2024.
 
 
 
 
Léon Bressler, 77, a major figure in European real estate who worked for Chase from 1972 to 1978, died in Paris on August 30, 2024. His former Chase colleague and longtime friend Rudi Bogni recalls his legendary career.
 
 
 
 
 
Lee Hines, 78, an international trade specialist at Chase Manhattan, died in late July/early August 2024 in Malibu, CA. (The death notice did not include date of death.)
 
 
 
 
 
 
David (Dave) H.E. Larsen, 86, died July 17, 2024 at his home in Shelter Island Heights, NY, having lived in Ridgewood, NJ, for four decades prior. During his 37-year career at Chase Manhattan, Larsen worked on Chase's first installation of cash dispensers, Community Banking product management and Private Banking sales for the Northeast Region.
 
 
 
 
Rolf Reinhold, head of the management board at Chase in Frankfurt, Germany, in the 1980s, died on July 8, 2024. He was 84. For many years he split his time between the Frankfurt area and Scottsdale, AZ.
 
 
 
 

How Best to Use the CAA Membership Directory                         

If you have not done so recently, please update
the information in your profile, so that the CAA and other members would be better able to contact you. Using the Membership Directory is a privilege of dues-paying CAA members.
 
Now get a refresher on how to best use the membership directory to find an individual or
groups of individuals you would like to contact. (Note that only dues-paying members have
access to the directory.).
 
To get to the directory, log in at www.chasealum.org. On the home page menu, click on Membership and then Member Directory.
 
When searching by name, or in any of the other search areas, we advise starting by putting in less information in the search field. For example, if you want to find William Smith, type only Smith in the Search by Name box; if you put in “William Smith” and he is calling himself Bill Smith in his profile, you will not find him.
 
If you want to find members who live near you, enter the city, state or country (or any combination) under Location. The Years at Chase search is very valuable. Type in 1996-2005, for instance, and you will find everyone who worked for the bank (including heritage banks) during those years. You can narrow your search by also typing in a location or job title.

Once you have entered the search words, click on Search at the bottom of the page. When members’ names appear, click on their names to obtain more detailed information about them.

If you have any problem with any of this, contact Ken Jablon at jablonkt@aol.com.

As always: If the links do not work for you, you can always access the latest stories by logging on to CAA's web site.

If you have any questions, please send an e-mail to Ken Jablon or call Ken (during normal working hours) at 212-799-9525.

By the by: Don't forget to explore the rest of the CAA Web site. (www.chasealum.org) Just click on the home page menu buttons to find the news archive, photo album, membership directory, past In Memoriams and benefit information.

 

The Board of the Chase Alumni Association  

          
 
 
 
 
 
 
 





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