Today: Nov 07, 2024

JPMorgan CEO Jamie Dimon breaks silence on Trump win and problems message about cupboard position

JPMorgan CEO Jamie Dimon breaks silence on Trump win and problems message about cupboard position
November 7, 2024



JPMorgan Chase CEO Jamie Dimon broke his silence nowadays over Donald Trump’s US presidential election win.Dimon, in conjunction with different best financial institution executives, issued a memo to group of workers congratulating Trump for defeating Kamala Harris. This comes regardless of Dimon – value round $2.4 billion – privately backing Harris forward of Tuesday’s vote. He had expressed issues over Trump’s denial of the 2020 election effects.It additionally emerged Wednesday that Dimon is not going to absorb any be offering to sign up for Trump’s management – amid rumors he was once sought after to absorb a task on the White Area.As a substitute, a financial institution supply informed Reuters that he’ll stay with JPMorgan Chase, the place he has served as CEO for 19 years. Dimon had not too long ago been the topic of hypothesis from each Republicans and Democrats as a possible candidate for Treasury Secretary.  JPMorgan CEO Jamie Dimon breaks silence on Trump win and problems message about cupboard position JPMorgan Chase CEO Jamie Dimon congratulated Donald Trump for defeating Kamala Harris  in the United States presidential electionIn the observation from JPMorgan Chase on Wednesday, executives from the financial institution referenced a message from Dimon as polls closed on Tuesday night time.’As Jamie mentioned the previous day, we will have to now “start the paintings of bringing our country in combination and that specialize in the urgent financial and world problems ahead of us,”‘ the memo learn. ‘Our company has an extended historical past of running around the political spectrum and appears ahead to enticing the brand new management and elected officers in each events.’Dimon known as this yr’s presidential election ‘one of the most toughest fought and now and then divisive elections in our contemporary historical past,’ in his observation to the Wall Boulevard Magazine the previous day.’Quickly it’ll be time for all people to unite at the back of our President elect and all of our nationwide leaders,’ Dimon mentioned.’We will have to start the paintings of bringing our country in combination and that specialize in the urgent financial and world problems ahead of us.’Dimon privately subsidized Harris right through the presidential election regardless of praising a few of Trump’s insurance policies, in keeping with an investigation carried out via the New York Instances.The businessman reportedly didn’t endorse Harris publically because of his worry of retaliation from Trump.’With Jamie, it is attention-grabbing as a result of he types himself as a big chief transcending his personal trade wishes,’ Robert Reich, former secretary of work within the Clinton management, informed the New York Instances.’If he had been truly involved in regards to the country and all the values that he says he is interested by, no longer best would he no longer be supporting Trump – he’d be vocally and angrily and with all of his would possibly ensuring that Trump didn’t get every other crack on the White Area.’Dimon, a registered Democrat, issued a observation early final month denying his endorsement of Trump.’I am not endorsing any person right now. I spend extra of my time on coverage,’ Dimon mentioned by way of a spokesperson on the time. ‘What is the coverage we want that may truly assist each the sector, international coverage, and locally?.’ Dimon publicly denied endorsing Trump in a statement earlier this month Dimon publicly denied endorsing Trump in a observation previous this month Dimon explained his chances of being a member of Trump's cabinet were 'almost nil' Dimon defined his possibilities of being a member of Trump’s cupboard had been ‘virtually nil’The JPMorgan Chase CEO was once the topic of hypothesis for weeks as a candidate for Treasury secretary via Republicans and Democrats.Dimon mentioned a slender to none probability of taking a senior US executive position with a Wells Fargo inventory analyst final month.’I feel the risk of this is virtually nil, and most probably I am not going to do it,’ Dimon mentioned.’I have a tendency to be doing what I am doing – I virtually ensure I’m going to be doing this – for an extended time period, or no less than till the board kicks me out.’The JPMorgan Chase workforce additionally congratulated Vice President-elect JD Vance, and US representatives elected to serve in Congress and in state and native workplaces.’JPMorganChase strives to be a spot the place other people from other backgrounds and ideology can come along side a not unusual sense of function and venture,’ the memo learn. ‘We’re longing for the longer term and the position we will be able to play tackling one of the crucial maximum urgent demanding situations dealing with American citizens and our nation, in combination.’

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