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2012 Forty Under 40: Frank J. Esposito

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Frank J. Esposito
Where were you, and what were you doing in 1991?
Studying philosophy and business economics at Marquette University.

When you graduated from high school, what did you think you wanted to be as an adult?
To be a father (either Catholic priest or have children). I wanted to be in investments since grade school.

Was there an event in the last 20 years that had a great impact on your aspirations and/or career path?
The work ethic I observed in my mom, a single mother, and my older sister, Fran.

Have you been mentored by (or had any significant interactions with) previous Forty Under 40 honorees?
J.P. Hanlon, past Providence Cristo Rey High School board member, demonstrated passion and commitment to being part of the solution to our education crisis rather than complaining about the problems.

Where do you want to be 20 years from now?
Guiding my children to make the most of their talents alongside my wife, Valerie. Investing for myself, my clients, special needs trusts, and not-for-profit/charitable entities.
 
 

Executive Director, JP Morgan Chase and Co.
Age: 38

When Frank Esposito was 5, his grandmother bought him shares of IBM. He remembers thinking, “This is how you make money.” By eighth grade, he was writing that he wanted to be a stockbroker. Then, about 15 years ago, his dentist and mentor, George Karalis, went back to school at Northwestern University to learn investing, which inspired Esposito to go there for his MBA.

By Esposito’s sophomore year at Marquette University, he was interning at Merrill Lynch, where he discovered that what he really wanted to do was invest money for people. At his first job after grad school, with First Wisconsin Bank & Trust, he learned about lending. He moved on to Goldman Sachs, where he learned investing, then Strong Capital Management, which brought him to Indianapolis in 2002.

Then in 2009, he joined JP Morgan as the investment team leader for the local private bank office, which manages more than $4 billion.

Esposito credits his high school, Fenwick, in Oak Park, Ill., with preparing him for college and the world.

“I knew I wanted to be something, but I didn’t know how to get there,” he said. “Fenwick High School got me there.”

So when he arrived in Indianapolis, he got involved with Providence Cristo Rey High School, a college-preparatory school for students from families with limited financial means. The school combines classroom instruction with real-life corporate work study experiences, which Esposito thinks is the way to help kids get ready to contribute rather than be a drain on society.

He’s vice chairman of the board there, and he’s also active with St. Vincent New Hope and St. Maria Goretti Church, which he and his wife, Valerie, and their five children attend.

“I love what I’m doing,” he said. “I want to be the best investor I can be. I love investing for people. I always think about investing. I want to get the Cristo Rey school to sustainability. And I want to raise five great kids.”
 

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  1. liek the rest of America

  2. These quaint,obsessed musings by the stalkers are certainly entertaining, but I'm trying to figure out what, if anything, all the yelping below has to do with Zak Brown.

  3. It's evident that Moffett was pushing the right buttons and corporate America is now trying to squash him. He just wanted to withdraw the free pilot services provided to the company by the pilots to try and put some pressure on a company that has not been interested in negotiating a contract in over 5 years. The company does not provide a contract because not having one has saved them a bundle of money. Shame on any Republic pilots not standing behind their union leader just because things are getting tough, can you not see such strategic moves by the company as putting the last union president in a corporate position and into THEIR pocket. Do you really believe the last union president is so appalled at the attempts by Moffett, do you not remember his oppositions to the company? We stood behind him. It has been proven over and over again for thousands of years without fail, a man cannot serve two masters. Anyone that believes people vote contrary to their paycheck and livelihood deserve to be taken advantage of, the recent statements by the former union president are laughable as he denounces the current union president from his new corporate position. Have you ever seen a drafted sports player score points for his previous team, it cannot be done, he is not on the pilots side anymore, he gets his money a different way now than you and I do, and he should not be allowed to remain on the seniority list. A drafted player brings strength, credibility, tactical knowledge, and a strategic advantage to his NEW team, he would not be drafted or paid were it otherwise. We are all forced to choose only one side to play for and support, not doing so has many references in life such as insider trading and shaving points, all illegal for good reason. This basic fact is why corporate moguls, scientist, and engineers all sign non-discloser agreements and non-compete clauses, as protection in case they are lured into switching sides as our former union president has done. No NFL coach ever drafted a player so that both teams could benefit and better understand each other, they are recruited to win the game against that former team, period. Likewise the company does not recruit the former union president by accident or mutual understanding, its strategy. Don't confuse playing the game with good sportsman-like conduct in support of common business and prosperity goals, with the requirement to only play for one side. Good men we all love and favor fall subject to this manipulation, often without their knowledge, and it is not a betrayal of their friendship to oppose them when they switch sides. If we did not love and trust them, they would not have been chosen and lured to the other side in the first place. The deception by the drafted player is not made at a conscious level, it's just human nature and it's all about money and power which corrupts our ability to be objective and loyal to two masters. This is why our court system created the defense attorney, and why our military created counter intelligence. Its strategy and its propaganda, and it works, and that's why the "powers to be" manipulate the chess pieces by sometimes changing their colors. Some players know they are being manipulated when their color is changed, but it brings them more money and power so they do not care. The rest have good intentions but do not even realize they are being manipulated. This tactic is also known by another name, Divide and Conquer. In battle sending an imperfect message with an imperfect team is obviously not ideal, but it's still being sent by YOUR team, your union leader, a leader that has common goals and common rewards with you, they are the best, because we have elected them to do a job for us. If you are not backing Moffett but believing the spin by those that have recently switched sides, you are taking food out of your own mouth. Showing unity and backing an imperfect situation still results in taking just as much ground, it's about unity and bargaining power. It's not necessary to wait around for that perfect attack because it will never come, the company will spin and attempt to destroy anyone that gets in their way. Ultimately it's not about any specific attack anyway, ASAP or whatever it makes no difference, it is and always has been only about power. If this company cared about safety it would not build pairings with 8 hour overnights, come on, are you that naive? Besides, do you really think Hoffa cares, no, he got a call from corporate America and was squeezed into denouncing Moffett. If he didn't they would spin the safety card against him and the Teamsters National with implication for truckers, future contracts, insurance rates etc...saying something like the Teamsters use safety as a bargaining chip, blah blah blah... Do you really think any pilot is going to do something unsafe for the contract, absolutely not, the only ones threatening safety here is the company with reduced rest, fatigue, and poverty. Do you not find it odd that Hoffa and the Teamsters are opposing a Teamster president publicly? Would the Teamsters National not normally support and work with one of their own? Why did they not sit down and help him strategize, correct any mistakes, and charge ahead? Would the Teamsters National not normally support and leverage a contract for all those pilots that have been paying Teamster dues, isn't that why we have all been paying Teamster dues in the first place? I sure haven't been paying dues so that the Teamsters National could come along and write this kind of an article undercutting our union leader and our unity. Whose side is the Teamsters National really on, it's obviously not the Republic pilots side.

  4. No matter what Moffatt does the company is going to spin it like he is the terrorist and brainwash people like you into believing it, wake up, back your players that are trying to change things for you and your livelihood. Where has Hoffa been for the last 6 years, except collecting our dues. Seriously, do you really think an FO going for upgrade, signed off by a checkairman ready for the upgrade, who then fails, is not even capable of returning as a First Officer.

  5. whoa!

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