A Big, Bad Bet

Yesterday on ABC News, President Obama praised JP Morgan's Jamie Dimon as "one of the smartest bankers we got," adding, "and they still lost $2 billion and counting." Of course, on the heels of this very big bad bet, Obama and the DC bureaucrats will use this mess to argue that we need to add more regulation and pork to the already bloated bureaucracy. In my view, we do not need more DC oversight; instead, what the JP Morgan board should do is advise Mr. Dimon that his total comp for 2012 has been retroactively reduced to $1. That single and simple move would lay the groundwork for more reform than you might imagine.

Tony LoPinto is the Global Sector Leader of Korn/Ferry International's Real Estate Practice and founder of SelectLeaders. The views expressed in this article are the author's own.

Job Opportunities LOCATE A JOB

T-MOBILE
Senior Manager, Corporate Real Estate
(BELLEVUE, WA) The senior manager, real estate position leads T-Mobile USA's regional planning, real estate and design/construction functions for its portfolio management project delivery. Sites include engineering critical facilities (telecom switch sites and data centers), office, and warehouse locations. This position directs and manages all regional planning, real estate portfolio management, transaction management, design/construction, and reports to the national director of real estate.

PIEDMONT REALTY TRUST
Associate, Asset Management
(JOHNS CREEK, GA) The associate will provide asset management expertise in the West Region portfolio of Piedmont Office Realty Trust and manage a portfolio of 10-12 assets. Specific duties include negotiating certain relevant property-level documents/contracts, including leases, licenses and, where applicable, third-party management and exclusive leasing listing agreements; completing lease analysis of prospective leasing transactions; and presenting the investment committee recommendations on large lease transactions.

SONY CORPORATION OF AMERICA
Real Estate Director
(NEW YORK CITY) The real estate director will plan, manage, perform and direct activities related to the development, acquisition, disposition and leasing of properties in Latin America for various corporate operations on an international level, including all Sony subsidiaries and affiliated companies. In addition, this position will provide a leadership role with respect to corporate real estate transactions, strategy and project management for a range of property types including retail, industrial and office properties.

CBRE
Chief Building Engineer
(SACRAMENTO) The position will be responsible for the following: coordinate work duties to maintenance technicians; scheduling, maintenance and monitoring of all heating, ventilating, air conditioning, water, electric and other systems; manage and schedule all projects; review accuracy and quality of work performed by technicians; attend contractor meetings and provide technical support; and schedule annual preventative maintenance to HVAC and other equipment.

CONCORDIA UNIVERSITY
Senior Director, Property Management
(MONTREAL) Reporting to the associate vice president, facilities management, the incumbent will provide all property management and operations services for the University's real estate portfolio. This includes 60 buildings (5M square feet) and 52 acres of land on two campuses in Downtown and West End Montreal. Duties include managing all property management operations, including property management, operations Infrastructure, custodial, transportation, distribution, and technical coordination; managing and annual budget of $20 million, 100 employees, and 50 service contracts; and managing service contracts process.

METROPOLITAIN PROPERTIES OF AMERICA
President and Chief Executive Officer
(BOSTON) The president and chief executive officer of property management will be responsible for assuring the company's profitable performance, the growth in size and value of its assets, and the leadership of its third-party services offerings. This position will lead the day-to-day operation of the company's portfolio including property management, tenant leasing, collections, marketing, legal and information technology, and all associated administrative aspects of the firm and its regional offices.

TIFFANY & CO.
Director, Global Retail Facilities Management
(NEW YORK CITY) The director of Global Retail Facilities Management will be responsible for the development and implementation of global retail facilities maintenance standards and programs for the company's retail environments. The director collaborates with the store development and regional store planning teams to continuously assess the performance of materials, construction assemblies, furniture, fixtures and equipment. This position also directs and coordinates the operational and facilities maintenance requirements for all retail buildings, grounds and equipment for our Retail stores within the Americas region.

JPMOREGAN CHASE CO.
Commercial Real Estate Debt Fixed Income Associate
(COLUMBUS, OH) This position will assist portfolio managers in managing and underwriting existing and prospective portfolio investments; assisting in validation of risk ratings, populating watchlist, reporting results to clients as appropriate and maintaining relationships with borrowers, intermediaries and servicers; assisting in designing and executing problem resolution strategies; commercial real estate debt and equity market research; and preparing client presentations and portfolio management assignments relative to performance and pricing of portfolio.

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