JPMorgan CEO Jamie Dimon supports Kamala House in the White House, despite recent denials and downplaying by company insiders, including the Wall Street titan himself. , there is growing speculation that he may even join her government.
The New York Times reported Tuesday that the 68-year-old banker is backing a Democratic candidate for president, saying he has spoken privately about his distaste for Donald Trump.
Dimon has stopped short of publicly endorsing either candidate for America's top job, but the left-leaning Times reported that the Queens native would be open to serving under Harris. .
The newspaper reported that if No. 2 Joe Biden wins on Nov. 5, Dimon could become Treasury secretary.
The report comes more than a month after the Post's Charles Gasparino's Sept. 12 scoop that Dimon is “likely to accept” working in the Harris administration.
Mr. Dimon has largely ruled out leaving the Wall Street giant for a government job, telling analysts that the chances of that happening are “almost zero.”
But in his widely read annual letter in April, he added, “I have always been an American patriot, and my country is more important to me than my company.”
A JPMorgan spokesperson on Tuesday referred the Post to Dimon's previous comments about the possibility of him joining the next administration.
The newspaper reported, citing three people close to Dimon, that the longtime administration had no interest in joining the Trump administration because the former president refused to concede in the 2020 election. Ta.
But the report said he has remained silent about his preferences, fearing retaliation if the Republican Party wins a second four-year term.
Mr. Dimon, a top billionaire, has been cautious about publicly speaking about who he wants to hire, but he has been vocal about hot-button political topics such as the war in Ukraine, inequality and immigration.
He also penned an op-ed in the Jeff Bezos-owned Washington Post, the newspaper favored by the self-styled D.C. elite, calling on the president-elect to “restore faith in America.”
Mr. Dimon wrote that the country's “best leaders” “do not pander to fundamental politics or pander to extreme views,” which some people believe is a reference to the former commander-in-chief. It was seen as a flimsy revelation against the government.
A source close to JPMorgan's chief executive insisted at the time that he was not endorsing Harris in those terms.
Meanwhile, Mr. Trump falsely claimed that Mr. Dimon, who previously denounced Mr. Trump's election denialism as “treason,” supported his efforts to retake the White House.
Mr. Dimon, who has served as CEO for nearly 20 years, frequently meets with world leaders responsible for developing the rules and regulations that affect the financial industry.
Given Trump's growing momentum in the race, his prediction that he is likely to remain in office “for a very long time” could still be true.
President Trump told Bloomberg in July that he was openly considering Dimon for the Treasury secretary position.
He retracted those comments just three weeks later, suggesting on Truth Social that it was just a rumor made up by the “radical left.”
Dimon's 2023 pay package includes a base salary of $1.5 million and a performance bonus of $34.5 million, according to regulatory filings, making him an eye-watering pay cut for the government job.
By contrast, Joe Biden's Brooklyn-born Treasury Secretary Janet Yellen is paid $246,400. According to an executive order signed by the outgoing commander in chief in December.
Mr. Dimon took the helm of JPMorgan in 2006. Although he did not provide details, he stressed that he and the rest of the board will “do the right thing” in replacing him when he ultimately steps down.
JPMorgan's head of asset management, Mary Erdoes, and Jennifer Piepszak, co-chief executive officer of the company's investment banking division, are among the names on the list of successors when the Wall Street giant eventually heads out of business. It is.
with post wire
