Is Dimon’s work done at JPMorgan Chase?
A second health scare puts the focus on succession
IT HAD BECOME a running joke on Wall Street that whenever Jamie Dimon was asked, after beating cancer in 2014, how much longer he intended to stay at the helm of JPMorgan Chase (JPM), he always replied: “another five years”. Sometimes he said it with a twinkle in his eye; at other times the response was tetchy. The matter became more serious after March 5th, when the 63-year-old underwent emergency surgery for a rare heart condition. The bank said afterwards that he was “recovering well”, and that two trusted lieutenants, Gordon Smith and Daniel Pinto, had stepped in to run the bank until his return. The question of how long before he steps down, and who will replace him, is now a more urgent one, though.
This article appeared in the Briefing section of the print edition under the headline “The house that Jamie built”
From the March 14th 2020 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Briefing
The right in Congress and the courts will reshape Donald Trump’s agenda
As dominant as the new president is, there is still life in Washington’s institutions
How far will Donald Trump go to get rid of illegal immigrants?
It is his signature policy, but the obstacles are daunting
Young customers in developing countries propel a boom in plastic surgery
Falling costs and converging beauty standards spur new habits
The Assad regime’s fall voids many of the Middle East’s old certainties
What if Syria abandoned its hostility to the West and stopped menacing Israel?
Syria has exchanged a vile dictator for an uncertain future
It is not clear how stable or how benign the new regime will be
Gambling is growing like gangbusters in America
Technology and legal changes are spurring a betting bonanza