Jamie Dimon appeared to shut the door lastly on a presidential run. Or possibly not.
The JPMorgan CEO, extensively thought to be the king of banking due to his stellar document working the nation’s largest monetary establishment, appeared to depart the door open Wednesday morning, ever so barely, that he may take a stab on the highest workplace within the land in some unspecified time in the future, possibly quickly.
Talking at a high-profile tech convention in San Francisco sponsored by AI powerhouse DataBricks, Dimon, clad in denims and a black sweater, was requested by firm CEO Ali Ghodsi, “would you run for president?”
Dimon turned to the gang of about 1,000 techies and requested: “How many of you would vote for me?”
Amid the applause, and the numerous present of arms, he quipped with a smile: “I get all the rich white people to vote for me.”
He then gave his normal non-denial:
“I am a banker, I am 69, I always say I would love to be president but you would have to anoint me. I have never run for office. I think there’s a skill…I have never done that so I think the answer is no. I will do anything to help the country though.”
Dimon spent a lot of the convention speaking in regards to the energy of AI, a necessity for a robust protection, the financial menace from China, nevertheless it was the “think” a part of his reply on future political aspirations that had Wall Road buzzing that Dimon might look to run in three years when Donald Trump’s second time period is over.
So I requested considered one of Dimon’s JPMorgan handlers for an evidence.
Dimon’s place hasn’t modified, he defined to me.
Dimon would like to be president, however he’s too centrist on too many points, together with among the divisive cultural points, that he couldn’t win the nomination of both celebration.
“He thinks he would do a great job, he just doesn’t think he could win,” the flack mentioned.
Discover the phrase “think.”
Dimon has been notoriously fickle through the years each on the timing of his retirement, and what he would do after taking the hardest job in banking, like taking the hardest political job on the earth as president. His wavering has earned him the moniker Wall Road’s “Hamlet.”
As On The Cash has reported, Dimon is meant to step down as CEO someday within the subsequent three years or so, however individuals inside JPM say he may keep longer, not less than as chairman. He additionally retains speaking about being president like he actually needs the job, as evidenced by his remarks on the DataBricks confab.
In 2018, he even mentioned he would make a greater president than Donald Trump, remarking that “I think I could beat Trump” in a race.
“I’m as tough as he is, I’m smarter than he is. I would be fine. He could punch me all he wants, it wouldn’t work with me. I’d fight right back.”
Dimon refined the feedback later, saying they show “I wouldn’t make a good politician.”
Over time, Dimon has been each a supporter and a critic of Trumpian insurance policies (lately he spoke in regards to the want for border enforcement, however he doesn’t just like the president’s strategy to tariffs). That hasn’t stopped our present president from sometimes floating Dimon as a attainable Treasury Secretary due to his apparent star energy on Wall Road and market prowess.
In the meantime, the Dimon-for-President motion has been percolating following a co-byline article in Fortune on June 3 the place Yale College’s high-profile administration guru Jeffrey Sonnenfeld and Stephen Henriques, a Senior Fellow at Chief Government Management Institute, wrote that Dimon’s enterprise success and reasonable politics would make him good for the job.
“Dimon has consistently espoused a political philosophy of social consciousness with fiscal prudence.” they wrote.
“The ever-pragmatic executive will promote policies embracing smaller, more efficient government, sensible regulations, and speedy permitting processes, then pivot to cutting special tax breaks (including carried interest), doubling the earned income tax credit, investing in public education, defending voting rights, and championing the cultural and economic importance of cities.”
