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WSJ: Jamie Dimon says he wants to stay put for five more years

  • Jamie Dimon has told investors he wants to remain at the helm of JPMorgan Chase (JPM) for as many as five more years, WSJ reports.
  • The new clarity is a contrast to comments Dimon reportedly made a year ago when he hinted in a private meeting with investors he might leave the bank if shareholders voted to separate his roles of CEO and chairman.
  • The comments also may show Dimon emerging confidently from a tough year; at tomorrow's annual meeting, he is expected to face considerably less rancor than previous years, as directors and executives have spent more time in the past year meeting with investors and activist groups.
Comments (3)
  • marketnews09
    , contributor
    Comments (98) | Send Message
     
    If Jamie Dimon were to leave JPM, I would sell the small position that I have.
    I believe that he is the smartest of minds!!!!! Bar none. Plus, the Obama Administration has 29 months left and then, Obama and Holder will be gone. America, at that time will reclaim its position in economic development and world wide growth. J.P.Morgan will be a leader there.
    19 May 2014, 09:09 PM Reply Like
  • Piezuri
    , contributor
    Comments (4) | Send Message
     
    just my opinion but I worked at JPM for several yrs (in equity MD, based in Asia) and he had almost ZERO visibility, never heard much from him on strategy or anything for that matter. The place was a mess with NO technology and very little to offer clients..dont own the stock due to Jamie...the guy blew up $11bl in capital with the white whale fiasco and the board still paid him $11ml (no wonder he wants to stay another 5yrs)
    19 May 2014, 10:40 PM Reply Like
  • spinrbait
    , contributor
    Comments (463) | Send Message
     
    the london whale fiasco is only a blimp for all the great things dimon has done for shareholders, the economy, and equal rights for that matter. they are a leader in all social equity fields. they never needed tarp, they were practically forced to buy 2 trash banks, and then were stabbed in the back for it. even when london whale happened, they made money, and the shares were higher. if only the united states were run half as good as jpm.
    20 May 2014, 07:45 AM Reply Like
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