Primary Country (Mandatory)

Other Country (Optional)

Set News Language for United States

Primary Language (Mandatory)
Other Language[s] (Optional)
No other language available

Set News Language for World

Primary Language (Mandatory)
Other Language(s) (Optional)

Set News Source for United States

Primary Source (Mandatory)
Other Source[s] (Optional)

Set News Source for World

Primary Source (Mandatory)
Other Source(s) (Optional)
  • Countries
    • India
    • United States
    • Qatar
    • Germany
    • China
    • Canada
    • World
  • Categories
    • National
    • International
    • Business
    • Entertainment
    • Sports
    • Special
    • All Categories
  • Available Languages for United States
    • English
  • All Languages
    • English
    • Hindi
    • Arabic
    • German
    • Chinese
    • French
  • Sources
    • India
      • AajTak
      • NDTV India
      • The Hindu
      • India Today
      • Zee News
      • NDTV
      • BBC
      • The Wire
      • News18
      • News 24
      • The Quint
      • ABP News
      • Zee News
      • News 24
    • United States
      • CNN
      • Fox News
      • Al Jazeera
      • CBSN
      • NY Post
      • Voice of America
      • The New York Times
      • HuffPost
      • ABC News
      • Newsy
    • Qatar
      • Al Jazeera
      • Al Arab
      • The Peninsula
      • Gulf Times
      • Al Sharq
      • Qatar Tribune
      • Al Raya
      • Lusail
    • Germany
      • DW
      • ZDF
      • ProSieben
      • RTL
      • n-tv
      • Die Welt
      • Süddeutsche Zeitung
      • Frankfurter Rundschau
    • China
      • China Daily
      • BBC
      • The New York Times
      • Voice of America
      • Beijing Daily
      • The Epoch Times
      • Ta Kung Pao
      • Xinmin Evening News
    • Canada
      • CBC
      • Radio-Canada
      • CTV
      • TVA Nouvelles
      • Le Journal de Montréal
      • Global News
      • BNN Bloomberg
      • Métro
JP Morgan CEO Jamie Dimon’s retirement is getting closer – and the succession plan is anyone’s guess

JP Morgan CEO Jamie Dimon’s retirement is getting closer – and the succession plan is anyone’s guess

NY Post
Sunday, May 26, 2024 01:44:40 PM UTC

One of the biggest questions involving JP Morgan, the nation’s biggest and most prestigious bank, involves succession planning: When will its long time CEO, the king of all banking, Jamie Dimon, step down.

Last week, he gave some clues. It’s “not five years anymore,” he said during JP Morgan’s investor day without elaborating.

Thanks for that, Jamie. Good thing The Post is here to suss out what is going on inside the C-suit at JPM, and we can report, with a fair degree of confidence, that Dimon is signaling he’s out in about two, maybe three years, after he turns 70 years old.

What he does next is, well, anyone’s guess.

Even the very hint of a Dimon retirement from JPM caused markets to react. Shares tanked about 4%, and still haven’t fully recovered as this column goes to press. One reason is Dimon’s stature in banking earned by his success rate. Despite a few blips on the regulatory radar — the London Whale, JPM’s continued business dealings with miscreants like Bernie Madoff and Jeffrey Epstein — Dimon has been among the most successful investment executives of our generation. Unlike other big banks, there have been no big scandals, at least not lately, and shares are up 89% over the past five years.

“He works every day, seven days a week. He’s in all the major meetings, he’s managing risk and selling stuff,” is how one JPM executive explained Dimon’s work ethic. “He has no hobbies and he loves his job. Can’t imagine what he will do in retirement.”

Read full story on NY Post
Share this story on:-
More Related News
© 2008 - 2026 Webjosh  |  News Archive  |  Privacy Policy  |  Contact Us