Businessperson of the Year

Of all the major U.S. banking institutions, Dimon's was the only one that didn't post a quarterly loss during the financial meltdown. Reason: what Dimon refers to as his "fortress balance sheet" -- keeping lots of capital on hand, maintaining liquidity, and applying conservative accounting principles. And though the company faces billions of dollars in losses from litigation and the mortgage mess, the bank will likely finish the year with sharply higher earnings.

--P.N.

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