JPMorgan Chase CEO Jamie Dimon talks to reporters as he leaves the U.S. Capitol after an unannounced assembly with U.S. Senate Majority Chief Schumer that was reportedly about the opportunity of the U.S. defaulting on its debt, outdoors the U.S. Capitol in Washington, U.S., Could 17, 2023.
Evelyn Hockstein | Reuters
JPMorgan Chase CEO Jamie Dimon has “no plans” to run for workplace, in keeping with a press release from the financial institution Monday.
Hypothesis about Dimon’s potential future in politics flares up on occasion. The CEO is revered in enterprise circles for his stewardship of JPMorgan, constructing it into the largest and most worthwhile U.S. financial institution.
associated investing information
Final week, hedge fund supervisor Invoice Ackman tweeted that Dimon ought to run for president within the upcoming 2024 elections. That got here after Dimon mentioned in a latest interview that he want to someday serve his nation “in a single capability or one other.”
“As he has mentioned previously, Jamie has no plans to run for workplace,” the financial institution mentioned in its assertion Monday. “He’s very completely happy in his present position.”
Nonetheless, Dimon, who took over at JPMorgan in 2005, has himself often fed the hypothesis. In off-the-cuff remarks in a 2018 investor assembly, Dimon mentioned that he might tackle then-President Donald Trump in a race. He shortly mentioned he regretted the feedback.
In recent times, Dimon has pushed his establishment in new instructions, making an attempt to sort out a number of the nation’s intractable points together with well being care, financial disparity and concrete blight.
However his lengthy tenure has sparked questions on succession planning on the New York-based financial institution.
Final month, on the agency’s annual investor day, an analyst requested Dimon what number of extra years he anticipated to function CEO. The query got here after Morgan Stanley CEO James Gorman introduced an orderly succession course of anticipated to unfold throughout the 12 months.
Dimon did not instantly reply the query.
“I am unable to do that without end, I do know that,” he mentioned. “However my depth is identical. I feel when I haven’t got that form of depth, I ought to go away.”