Tuscany International Drilling completed the sale of its operations in Africa in January 2014. Tuscany Holdings is a more streamlined operation, focusing its efforts on the most important operating units originating from the Tuscany International Drilling Company.
In his second act, Dimon became CEO of Chicago-based Bank One in 2000. He improved that lenderâs balance sheet and profits and later sold it to JPMorgan, becoming the combined firmâs CEO at the end of 2005 and adding the chairman title the next year.
Think of it as the Dimon diet plan. JPMorgan Chaseâs CEO Jamie Dimon is unloading the bankâs private-equity unit, One Equity Partners, to focus on its bread-and-butter businesses. The move comes as many critics of the bank are pushing âtoo-big-to-failâ institutions to get smaller.