Jamie Dimon is now his father's boss, but neither of them will put it that way. The father is a confirmed free-lancer who apparently reports to no one. At least that's how it was at Salomon Smith Barney many years ago.

 The elder Dimon probably doesn't want to make too much of his move from Merrill Lynch. He declined Fortune's request for an interview. But the magazine offers some insight into how it all happened. Ted Dimon Sr. apparently "reached out to Barry Sommers, the CEO of Bear Stearns Private Client Services, in the spring of last year, after JPMorgan Chase (JPM) bought Bear on the cheap as the Wall Street firm was collapsing. Talks revved up in the past four months, as Merrill has been adjusting to its own integration" issues related to the Bank of America acquisition.

No one is likely to give Ted grief at the new firm. Still, you get the feeling he's not willing to play the "my son is the CEO" card often.   

For more:
- here's the article

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