Speculation is mounting that JPMorgan CEO Jamie Dimon is backing Kamala House for the White House and could even join her administration — despite recent denials and downplaying from company insiders including the Wall Street titan himself.
Dimon has stopped short of publicly endorsing either candidate for America’s top job, but the left-leaning Times said the Queens native would be open to serving under a Harris presidency.
The report come more than a month after The Post’s Charles Gasparino‘s scoop on Sept. 12 that Dimon was “more likely to accept” working in a Harris administration.
Sources close to the JP Morgan chief executive insisted at the time that he was not endorsing Harris with those words.
Trump told Bloomberg in July that he was openly considering Dimon for the position of Treasury Secretary.
Though company insiders, including the Wall Street titan himself, have recently denied and downplayed Kamala House’s candidacy, there is growing speculation that Jamie Dimon, the CEO of JPMorgan, is supporting her for the White House and may even join her administration.
According to the New York Times on Tuesday, the 68-year-old banking magnate is supporting the Democratic candidate for president. The top banker has expressed his distaste for Donald Trump to his inner circle.
Although Dimon has refrained from publicly supporting either candidate for the presidency of the United States, the left-leaning Times reported that the Queens native would be amenable to serving under a Harris administration.
According to the newspaper, if Joe Biden declines, Dimon could be appointed Treasury Secretary. Nov. 2 is declared the winner. 5.
More than a month has passed since Charles Gasparino of The Post broke the story in September. 12 that working in a Harris administration was something Dimon was “more likely to accept.”.
Dimon previously told analysts that there was “almost nil” chance that he would leave the Wall Street behemoth for a government position. “”.
“I’ve always been an American patriot and my country is more important to me than my company,” he continued in his widely read annual letter for April. “.”.
On Tuesday, a JPMorgan representative pointed The Post to Dimon’s earlier remarks regarding the possibility that he would be part of the incoming administration.
The longtime executive had no interest in joining Trump’s cabinet due to the former president’s refusal to accept the 2020 election, according to the Times, which cited three people close to Dimon.
However, the report claims that he is not speaking out about his preference because he is afraid of potential reprisals should the Republican win a second four-year term.
Dimon has been willing to comment on hot political issues like immigration, inequality, and the war in Ukraine, but the top money man has been circumspect in his public statements about who he wants to win.
The next president should “restore our faith in America,” he wrote in an opinion piece for the Washington Post, owned by Jeff Bezos and the preferred newspaper of the self-described DC elite. “”.
Some interpreted Dimon’s statement that “the best leaders” in this nation “don’t pander to base politics or cater to extremes” as a thinly veiled jab at the former commander-in-chief.
At the time, people close to the CEO of JP Morgan emphasized that he was not supporting Harris in those remarks.
Trump, on the other hand, made up the story that Dimon, who had previously called Trump’s election denial “treason,” had supported his attempt to retake American leadership.
As the CEO for almost twenty years, Dimon frequently meets with global leaders who are responsible for creating laws and policies that affect the financial sector.
His forecast that he would likely remain in his current position “for a very long time” might still come to pass given Trump’s increasing lead in the election.
Trump openly considered Dimon for the Treasury Secretary post, he told Bloomberg in July.
Three weeks later, he took back those remarks, claiming on Truth Social that it was just a rumor spread by “the Radical Left.”. “.”.
According to regulatory filings, Dimon’s 2023 compensation package included a base salary of $12.5 million and a $34.5 million performance bonus. A government position would represent an eye-popping pay cut for him.
In comparison, an executive order signed by the departing commander-in-chief in December states that Joe Biden’s Brooklyn-born Treasury Secretary Janet Yellen receives $246,400.
In 2006, Dimon assumed leadership of JPMorgan. Without going into specifics, he has made it clear that he and the other board members will “do the right thing” regarding succession when he eventually steps down.
When the Wall Street titan does eventually leave, Jennifer Piepszak, co-CEO of JP Morgan’s investment bank division, and Mary Erdoes, head of the company’s asset wealth management, are among the names in the running to succeed him.
With post wires.
