Has Jamie Dimon left the succession race too late?
As reshuffles at JPMorgan Chase start, two women lead the pack to replace Dimon, but tensions are likely to run high
When asked over the years about his plans to retire from JPMorgan Chase, CEO Jamie Dimon, in the job since 2006, has elegantly deflected the topic by sticking to a familiar refrain: “In five years.” A reshuffling at the top of the largest US bank announced on Tuesday is the clearest sign yet that Dimon has started the clock on the race to succeed him.
Finding a successor to the only global banking CEO to have made it through both the financial crisis of 2008 and the jolt from the Covid-19 pandemic won’t be easy. Dimon, who’s also chair of the bank, is a formidable force in global finance. Witness the bank’s record quarterly profit this year and its share price as parts of the world rebound from the abyss of the health crisis...
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