Jamie Dimon, America’s top banker, has 'no plans’ to run for office

1 year ago 149

JPMorgan Chase CEO Jamie Dimon talks to reporters arsenic helium leaves the U.S. Capitol aft an unannounced gathering with U.S. Senate Majority Leader Schumer that was reportedly astir the anticipation of the U.S. defaulting connected its debt, extracurricular the U.S. Capitol successful Washington, U.S., May 17, 2023. 

Evelyn Hockstein | Reuters

JPMorgan Chase CEO Jamie Dimon has "no plans" to tally for office, according to a connection from the slope Monday.

Speculation astir Dimon's imaginable aboriginal successful authorities flares up from clip to time. The CEO is respected successful concern circles for his stewardship of JPMorgan, gathering it into the biggest and astir profitable U.S. bank.

Last week, hedge money manager Bill Ackman tweeted that Dimon should tally for president successful the upcoming 2024 elections. That came aft Dimon said successful a recent interview that helium would similar to 1 time service his state "in 1 capableness oregon another."

"As helium has said successful the past, Jamie has nary plans to tally for office," the slope said successful its connection Monday.  "He is precise blessed successful his existent role."

Still, Dimon, who took implicit astatine JPMorgan successful 2005, has himself occasionally fed the speculation. In off-the-cuff remarks successful a 2018 capitalist meeting, Dimon said that helium could take on then-President Donald Trump successful a race. He rapidly said helium regretted the comments.

In caller years, Dimon has pushed his instauration successful caller directions, attempting to tackle immoderate of the country's intractable issues including wellness care, economical disparity and municipality blight.

But his agelong tenure has sparked questions astir succession readying astatine the New York-based bank.

Last month, astatine the firm's yearly capitalist day, an expert asked Dimon how many much years helium expected to service arsenic CEO. The question came aft Morgan Stanley CEO James Gorman announced an orderly succession process expected to unfold wrong the year.

Dimon didn't straight reply the question.

"I can't bash this forever, I cognize that," helium said. "But my strength is the same. I deliberation erstwhile I don't person that benignant of intensity, I should leave."

Read Entire Article