Speculation is growing that JPMorgan CEO Jamie Dimon is supporting Kamala House for the White House and may even join her administration – company insiders including the Wall Street titan recently Despite denial and lesser importance.
68 year old banking boss is supporting the Democratic nominee’s presidential bid, The New York Times reported Tuesday, with the top banker telling his inner circle. His dislike for Donald Trump.
Dimon has stopped short of publicly endorsing any candidate for America’s top job, but the left-leaning Times said the Queens native would be willing to serve under a Harris presidency.
The newspaper said Dimon could become Treasury secretary if Joe Biden’s No. 2 is victorious on Nov. 5.
The report has come after more than a month Charles Gasparino of the PostOn September 12, it was reported that Dimon was “more likely to accept” serving in the Harris administration.
Dimon had previously ruled out leaving the Wall Street giant for a government job and told analysts the chances of that happening were “almost zero.”
But he said in his widely read annual letter in April: “I have always been an American patriot and my country is more important to me than my company.”
A JPMorgan spokesperson referred The Post to Dimon’s past comments on Tuesday about the possibility of joining the next administration.
The Times quoted three people close to Dimon as saying the longtime executive had no interest in being part of Trump’s Cabinet after the former president declined to run in the 2020 election.
However, he is keeping quiet about his preference because he fears possible retribution if the Republican wins a second four-year term, according to reports.
While the top money man has been cautious in his public comments about who he wants to win, Dimon has been willing to weigh in on hot political topics like the war in Ukraine, inequality and immigration.
He also wrote an op-ed for Washington Post owned by Jeff BezosThe newspaper of choice for the self-proclaimed DC elite, in which they called on the next President to “restore our faith in America.”
Dimon wrote that “the best leaders” in this country “do not promote base politics or pander to extremes”, which some saw as a veiled dig at the former commander-in-chief.
Sources close to the JPMorgan chief executive insisted at the time that he was not endorsing Harris with these words.
Meanwhile, Trump falsely claimed that Dimon, who once labeled Trump’s election denial as “treason”, had supported his effort to take back the White House.
Dimon, who has served as CEO for nearly two decades, frequently meets with world leaders in charge of crafting rules and regulations that impact the financial industry.
His prediction that he was likely to remain in his current job “for a very long time” given Trump’s increasing momentum in the race may yet prove true.
Trump told Bloomberg in July that he was openly considering Dimon for the position of Treasury Secretary.
He retracted those comments just three weeks later and suggested on Truth Social that it was merely a rumor Created by the “Radical Left”.
According to regulatory filings, a government job would represent a lucrative pay cut for Dimon, whose 2023 pay package included a base salary of $1.5 million and a performance bonus of $34.5 million.
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.
Dimon took the reins of JPMorgan in 2006. He has emphasized that he and the rest of the board will “do the right thing” in succession when he eventually leaves, without specifying details.
Names in the frame to replace the Wall Street titan when it eventually heads for the exit include JPMorgan’s head of asset wealth management Marie Erdoz. and Jennifer Piepszak, who is co-CEO of the company’s investment bank division.
with post wires
