Tuesday, January 05, 2010

Is CEO planning to exit from JP Morgan Chase?

Will keep a close watch...

At just 53 years old,
he has already promoted a likely successor. From an article on September 2009 in Business Insider:

But Dimon will not run JP Morgan forever. And today he revealed that he is already developing an exit strategy. He appointed Jes Staley, the current head of JP Morgan’s asset management unit, to become head of the investment banking unit. That’s
being read as putting Staley in direct line of succession to run the bank after Dimon."The timing was right to begin the succession process," Dimon said in a statement.

Also check out the article. This tells alot of Dimon's ambition: Sandy Weill: I Fired Jamie Dimon Because He Wanted To Be CEO.
Click here.

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