JP Morgan boss Jamie Dimon reveals what next US president 'must' do
JP Morgan Chase boss Jamie Dimon has some advice for the next U.S. president as the country navigates through a 'perilous time.' In an op-ed for The Washington Post, Dimon outlined his vision of how the next POTUS can bring the nation together after a polarizing election and 'restore faith in America.'
'Deeply divided, our nation now faces both challenging domestic issues and perhaps the most complicated geopolitical situation since World War II,' Dimon, 68, wrote. 'We may be at an inflection point that will determine the fate of the free and democratic world for decades.'
Dimon suggested the next president should bring in political opponents to work in his administration, as well as figures from the private sector. The CEO also implored the presidential candidates to refrain from attacking those who have a different political ideology.
He wrote: 'Do not insult, stereotype, weaponize, scapegoat or gaslight. And do not attack them. Engage them. This takes bravery.' Dimon, CEO of the nation's largest bank, has not endorsed a presidential candidate.
Earlier this year, Dimon said he was worried geopolitical events including the war in Ukraine and the Israel-Hamas war, as well as U.S. political polarization, might be creating an environment that 'may very well be creating risks that could eclipse anything since World War II.'
The comments came in an annual shareholder letter from Dimon, who often uses the letter to weigh in broad topics like politics, regulation and global events and what it might mean to JPMorgan Chase, as well as the broader economy.
Dimon also used his letter to forcefully defend the firm’s diversity and equality efforts, pushing back on the arguments from Republicans who have said such efforts at Fortune 500 companies, colleges and universities are discriminatory and promote left-wing ideology. 'America’s global leadership role is being challenged outside by other nations and inside by our polarized electorate,' Dimon said.
'We need to find ways to put aside our differences and work in partnership with other Western nations in the name of democracy. During this time of great crises, uniting to protect our essential freedoms, including free enterprise, is paramount,' he added.
As he has done in previous letters, Dimon said he continues to believe that the U.S. must take a significant leadership position in the world through trade, military might and a resilient economy backed by strong infrastructure spending. He has long argued that the U.S. must continue to hold its leadership role in the West, or it will eventually cede that role to China as an authoritarian superpower. This includes continuing to support Ukraine in its war against Russia, Dimon argued.
Want more stories like this from the Daily Mail? Hit the follow button above for more of the news you need.
