(Bloomberg) -- Jamie Dimon told people he would remain at the top of JPMorgan Chase & Co. for another five years. That was almost six years ago.
In January 2018, the bank said the timer of “approximately five years” had actually started to tick. But on Tuesday, Dimon shrugged off a question about succession and his plan to step down as the chief executive officer of the biggest U.S. bank. “My statement stays the same -- it's five years,” the 63-year-old billionaire said. “When and if we ever set an actual retirement date, we'll let you know.”
All the CEOs who led the Wall Street giants through the financial crisis are gone except Dimon. JPMorgan just reported the most profitable year for any bank in U.S. history, which may buy time for his running joke.
Read more about JPMorgan's record earnings
To contact the reporters on this story: Max Abelson in New York at mabelson@bloomberg.net;Michelle F. Davis in New York at mdavis194@bloomberg.net
To contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, Alan Goldstein
©2020 Bloomberg L.P.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
