JPMorgan Chase vs Marriott: Founders, CEOs and History

Company facts

Founders

CEOs and their tenures

Timeline: JPMorgan Chase and Marriott side by side

1. 1799JPMorgan Chase

   Manhattan Company Chartered

   Aaron Burr and Alexander Hamilton led the effort to obtain a New York charter for the Manhattan Company.

2. 1871JPMorgan Chase

   Drexel, Morgan & Co. Formed

   J. Pierpont Morgan and Anthony Drexel formed Drexel, Morgan & Co. in New York. The partnership developed into J.P. Morgan & Co., creating the Morgan banking lineage that would remain separate from Chase until the companies combined in 2000.

3. 1907JPMorgan Chase

   Panic of 1907

   During the Panic of 1907, J. Pierpont Morgan organized bankers and other private participants to support strained financial institutions. The episode became a defining part of the Morgan firm's history in an era before the Federal Reserve existed.

4. 1927Marriott

   The Root Beer Stand That Started It All

   J. Willard and Alice Marriott open an A&W Root Beer franchise on 14th Street NW in Washington, D.C. On May 20, 1927 the same day Charles Lindbergh completes the first solo transatlantic flight.

5. 1937Marriott

   Airline Catering Pioneer

   Marriott signs one of the country's first airline catering contracts with Eastern Air Lines, establishing commissary kitchens near airports to prepare in-flight meals.

6. 1953Marriott

   Hot Shoppes Goes Public

   Hot Shoppes, Inc. sold shares to the public for the first time, giving the family restaurant chain capital for expansion.

7. 1955JPMorgan Chase

   Chase Manhattan Created

   The Bank of the Manhattan Company merged with Chase National Bank to form Chase Manhattan Bank. This combination joined the firm's oldest 1799 predecessor with the Chase name and created the institution that later merged with J.P. Morgan.

8. 1957Marriott

   First Hotel Opens in Arlington, Virginia

   Marriott opened the Twin Bridges Motor Hotel in Arlington, Virginia, its first hotel and the start of the lodging business that would later define the company.

9. 1967Marriott

   Company Renames as Marriott Corporation

   Hot Shoppes, Inc. Renames itself Marriott Corporation to reflect the growing importance of the lodging division relative to the restaurant business.

10. 1972Marriott

    J.W. Marriott Jr. Becomes CEO

    Bill Marriott, son of the founders, became CEO and led the company for four decades, building the multi-brand portfolio and the franchising and management model.

11. 1993Marriott

    Historic Split Creates the Asset-Light Model

    Marriott Corporation undergoes one of the most consequential restructurings in American corporate history, splitting into two independent companies: Host Marriott Corporation (which retains the physical hotel real estate and debt) and Marriott International (w…

12. 1997Marriott

    Renaissance Hotels Acquisition

    Marriott acquires Renaissance Hotel Group for approximately $1 billion, adding the Renaissance Hotels, Ramada International, and New World hotel brands to its portfolio.

13. 2000JPMorgan Chase

    Chase and J.P. Morgan Merge

    Chase Manhattan and J.P. Morgan & Co. completed their merger, combining commercial and consumer banking with investment banking and institutional services. JPMorgan Chase identifies this transaction as the formation of the modern company.

14. 2004JPMorgan Chase

    Bank One Merger

    JPMorgan Chase completed its $58.546 billion stock-for-stock merger with Bank One on July 1.

15. 2006JPMorgan Chase

    Jamie Dimon Becomes CEO

    Jamie Dimon succeeded William B. Harrison Jr. as chief executive on January 1. Dimon had joined JPMorgan Chase as president and chief operating officer when the Bank One merger closed and became chairman one year after becoming CEO.

16. 2008JPMorgan Chase

    Bear Stearns Acquired

    JPMorgan Chase completed its acquisition of Bear Stearns during the financial crisis.

17. 2008JPMorgan Chase

    Washington Mutual Operations Acquired

    After Washington Mutual Bank entered FDIC receivership, JPMorgan Chase paid $1.9 billion to acquire its banking operations, including assets, deposits, and qualified financial contracts under the transaction terms.

18. 2016Marriott

    Landmark Starwood Acquisition

    Marriott completes its $13.6 billion acquisition of Starwood Hotels & Resorts Worldwide the largest hotel merger in history adding 11 brands (including Sheraton, Westin, W Hotels, St.

19. 2018Marriott

    Catastrophic Starwood Data Breach

    Marriott discloses that the Starwood guest reservation database acquired in the 2016 merger had been compromised since 2014, exposing the personal data of up to 500 million guests including passport numbers, payment card details, and travel itineraries.

20. 2019Marriott

    Marriott Bonvoy Loyalty Program Launches

    Marriott consolidates the Marriott Rewards, Ritz-Carlton Rewards, and Starwood Preferred Guest programs into the unified Marriott Bonvoy platform, creating one of the world's largest travel loyalty ecosystems.

21. 2021Marriott

    Anthony Capuano Named CEO

    Anthony Capuano became CEO in February 2021, succeeding Arne Sorenson, who died of pancreatic cancer. Capuano, a Marriott veteran since 1995 who previously led global development, took over during the pandemic travel collapse.

22. 2023JPMorgan Chase

    First Republic Acquired from FDIC

    JPMorgan Chase acquired the substantial majority of First Republic Bank's assets and assumed deposits and certain liabilities from the FDIC.

23. 2025JPMorgan Chase

    FY2025 Net Revenue of $182.447B

    JPMorgan Chase reported U.S. GAAP total net revenue of $182.447 billion and net income of $57.048 billion. Its managed, fully taxable-equivalent segment presentation reported $185.581 billion of total net revenue across CCB, CIB, AWM, and Corporate.

24. 2025Marriott

    FY2025 Revenue of $26.186 Billion

    Marriott reported $26.186 billion in revenue and $2.601 billion in net income, grew net rooms over 4.3% and returned more than $4.0 billion to shareholders.

25. 2026JPMorgan Chase

    Chase to Become Apple Card Issuer

    On January 7, 2026 Apple and Chase announced that Chase will replace Goldman Sachs as Apple Card issuer over about 24 months.

26. 2026JPMorgan Chase

    Co-Presidents Named

    Doug Petno and Troy Rohrbaugh were named co-presidents in June 2026, and Marianne Lake announced her retirement.

27. 2026Marriott

    Jennifer Mason Becomes CFO

    Jennifer C. Mason became Marriott's Chief Financial Officer after Leeny Oberg retired effective March 31, 2026.

28. 2026Marriott

    Marriott Passes 10,000 Properties

    Marriott opened the JW Marriott Ranthambore Resort & Spa in India in June 2026, marking its 10,000th property worldwide.

Acquisitions

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