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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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Jamie Dimon says his stockbroker father taught him to invest with a 'brutally hard' childhood game
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NFL Approves St. Louis Rams’ Move To Los Angeles

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January 12, 2016, 9:38 PM ET
St. Louis Rams v San Francisco 49ers
SANTA CLARA, CA - JANUARY 3: Phil Dawson #9 of the San Francisco 49ers kicks a game winning 23-yard field goal in overtime of the game against the St. Louis Rams at Levi Stadium on January 3, 2016 in Santa Clara, California. The 49ers defeated the Rams 19-16. (Photo by Michael Zagaris/San Francisco 49ers/Getty Images)Photograph by Michael Zagaris — Getty Images
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(Reuters) – The St. Louis Rams are moving to Los Angeles after National Football League owners voted to approve their relocation efforts on Tuesday and gave the San Diego Chargers the option to join them.

The Rams‘ bid to relocate to Inglewood, roughly 10 miles from downtown Los Angeles, was approved by owners by a vote of 30-2 according to a report on the NFL’s website. The bid needed approval from 24 owners to get the green light.

The Chargers had originally been part of a joint plan with the Oakland Raiders to share a new stadium in Carson, about 15 miles south of downtown Los Angeles.

But the Carson project, which was earlier recommended by the NFL’s six-member relocation committee, failed to sway owners during an early round of voting.

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The Rams, who must pay the NFL a $550 million relocation fee, will play their home games in Los Angeles starting with the 2016 season and until their planned $1.85 billion new home is ready.

While many franchises have flirted with a move to the world’s entertainment capital for 20 years, Los Angeles has been an NFL wasteland without a franchise since the Raiders and Rams left the area in 1995.

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