JPMorgan boss Jamie Dimon said Sunday he would “likely” take over as chairman of the Wall Street giant when he eventually steps down as CEO.
“That’s likely to happen. Again, that is up to the board, not up to me. But if it makes sense, I may be chairing for a couple of years,” the 68-year-old Dimon said during an interview with Lesley Stahl on “CBS News Sunday Morning.”
The Queens native, who has led the bank since 2006, downplayed talk of any possible political ambitions when pressed by Stahl about his retirement plans, insisting he planned to write a book or teach.
Dimon also appeared to throw his weight behind Trump’s threat to use tariffs to put pressure on countries to resolve spats with the US.
“Tariffs are a way, are a tool — if properly used — that can help get some of those issues resolved — unfair competition, national security issues. Like any tool if it is misused, it can do damage too,” Dimon told Stahl.
He added that he was “cautiously pessimistic” about the future of the US economy despite lower inflation and improving job numbers.
His comments come ahead of JPMorgan’s full-year results, which will be released Wednesday, amid an ongoing rebound in deal-making and lucrative investment banking fees.
Dimon’s future has been the subject of furious speculation. Reports surfaced during the election cycle that Dimon was eyeing a job in a potential Kamala Harris administration — before he ruled himself out.
Donald Trump floated his name as a possible Treasury Secretary pick in an interview with Bloomberg in June, only to disavow his own words just weeks later.
In November, The Post exclusively reported that the president-elect and Dimon had established a secret “back channel” in which Trump used the banking veteran as a “sounding board” for his economic policies.
Dimon regularly held calls with a close-knit group of Trump’s inner circle to discuss everything from banking regulation to taxes but formally ruled out joining his administration in October, The Post reported.
The race to replace the Wall Street titan has long been a subject of discussions among New York’s financial elite. Dimon has not given a timetable for when he would step aside.
Those reportedly being considered to eventually replace Dimon include Mary Erdoes, the head of JPMorgan’s asset wealth management division, Jennifer Piepszak, who is co-CEO of the company’s investment bank division, as well as her counterpart Troy Rohrbaugh.
The Post revealed in July how Erdoes, 57, represented the bank at a swanky VIP lunch with French President Emmanuel Macron at the Elysee, his official residence, this past summer.
Dimon, who pulled down a salary of $34.5 million in 2023, turned on the Biden administration in recent months, lashing out at what he sees as ill-conceived rules that are hobbling JP Morgan’s business.
“It’s time to fight back,” Dimon told stunned bankers at a conference in New York this past October. “I’ve had it with this s–t.”
He singled out a blueprint aimed at helping banks absorb major economic shocks by forcing them to hold more capital on their balance sheets to weather any financial storms.
The proposal, known as Basel III, would see major lenders raise that emergency buffer by 9%.
“We are suing our regulators over and over and over because things are becoming unfair and unjust, and they are hurting companies, a lot of these rules are hurting lower-paid individuals,” he said at the time.
