Dimon’s mega-missive has more spin than substance

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JPMorgan boss Jamie Dimon’s lengthy musings on leadership and racial justice say more about the cult of the CEO than the case for investing in the bank, writes johnsfoley.

JPMorgan released a 66-page letter from Chief Executive Jamie Dimon on April 7 as part of its annual report.

The letter spanned views on capital regulation, leadership, racial injustice and U.S. government policy.Jamie Dimon, CEO of JPMorgan Chase, leaves after the launching of the Advancing Cities Challenge, in Pantin, a suburb of Paris, France, November 6, 2018.

 

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johnsfoley Jamie Dixon of JP Morgan Chase (whose old money wealth was in part derived from using slaves on collateral on loans) preaches to us about racial inequality while pledging 1% of their total wealth toward making more LOANS available to oppressed communities.

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