JPMorgan

JPMorgan Prepares for CEO/Chairman Split; Successor Chosen

JPMorgan Prepares for CEO/Chairman Split; Successor Chosen

JPMorgan Chase Chairman and CEO Jamie Dimon “is preparing for the possible split of” the Chairman and CEO position at JPMorgan Chase & Co. (NYSE:JPM) according to a breaking report from FOX Business Network (FBN) Senior Correspondent Charlie Gasparino. Gasparino went on to report that if the role is split, former Exxon Mobil Corporation (NYSE:XOM) CEO Lee Raymond “would be the Chairman.”

Video and excerpts below:


On who will become Chairman of JPMorgan Chase & Co. (NYSE:JPM) if the Chairman and CEO position splits:

“What you will see is a guy named Lee Raymond the Former Exxon CEO. He’s a board member, he’s considered the top board member at JPMorgan. He would be the Chairmen if that role was split. We should also point out that this is an active discussion inside JPMorgan. Jamie Dimon believes that if this thing is split the management of the company will not materially change.”

 

On whether JPMorgan Chase Chairman and CEO Jamie Dimon is preparing for a possible split of the position:

“Sources close to Jamie Dimon say he is preparing for the possible split of that CEO and Chairman job at JPMorgan. Dimon still believes the dual role of keeping both together in one place – which is essentially what he is doing now, is best for the company, but from what I understand he is not going to overly object if the board says you got to split.”

LEAVE A COMMENT


X
Saved Articles
X
TextTExtLInkTextTExtLInk

The Life and Career of Charlie Munger

Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. Now you can learn from Charlie firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:

  • Learn from the best and forever change your investing perspective
  • One incredible tidbit of knowledge after another in the page-turning masterpiece of a book
  • Discover the secrets to Charlie’s success and how to apply it to your investing
Never Miss A Story!
Subscribe to ValueWalk Newsletter. We respect your privacy.

Are you an intelligent investor?

ValueWalkPremium is a website and newsletter for smart investors like yourself. We focus on the latest hedge fund industry news much of which is not in the public domain and obtained via our sources.

We also have 10 years of resources on how to use this information to better your investment process.

Sign up for  today for only a few dollars a day and get a 3 day no obligation trial with a targeted 20% discount coupon code.

Cancel anytime during trial and you are never charged.

Limited time offer: For first 50 subscribers

0