By Daily Mail (U.S.) | Created at 2024-11-15 18:51:01 | Updated at 2024-11-23 12:53:08
1 week ago
Jamie Dimon has broken his silence around speculation that he could take up a cabinet role in Donald Trump's government.
The JPMorgan Chase CEO said he has not had a boss in decades, and he does not want that to change anytime soon.
The billionaire banker's comments came moments after Trump confirmed in a post on his social media platform Truth Social on Thursday that Dimon would not take up a post in his administration.
Republicans and Democrats had mentioned Dimon as a potential Treasury Secretary for the President-elect, and also for Vice President Kamala Harris, had she won.
'I respect Jamie Dimon, of JPMorgan Chase, greatly, but he will not be invited to be a part of the Trump Administration. I thank Jamie for his outstanding service to our Country!' Trump wrote Thursday afternoon.
Speaking at the Asia-Pacific Economic Cooperation CEO Summit in Lima, Peru, shortly after Trump's post, Dimon pushed back on the idea that he would have joined a team under the President-elect.
'First of all, I wish the president well, and thank you, it's a very nice note,' he said.
'But I just want to tell the president also, I haven't had a boss in 25 years and I'm not about ready to start,' he added, according to Fortune.
Jamie Dimon has broken his silence around speculation that he could take up a cabinet role in Donald Trump 's government
It comes after Reuters reported the day after the presidential election that Dimon had no plans to join the Trump White House 2.0.
Dimon, who has an estimated net worth of around $2.6 billion, did not endorse either candidate ahead of the election, though The New York Times reported in late October that he was quietly supporting Harris.
The chief executive reportedly did not make his stance known publicly because he was afraid that Trump would retaliate against people and companies who opposed his run.
The 68-year-old, who is a registered Democrat, is credited with helping JPMorgan Chase navigate the 2008 financial crash, and has run the bank for nearly 19 years.
Dimon was also forced to publicly deny that he had endorsed Trump in October, after the then-presidential candidate made the false claim on Truth Social.
Dimon's wife Judy, however, knocked doors for Harris in the swing state of Michigan the weekend before voters headed to the polls.
Judy Dimon donated nearly $200,000 to the Democratic National Committee and gave the Harris campaign $3,300 - the maximum individual donation allowed to be donated to a candidate's committee per election cycle, according to Open Secrets.
Following Trump's win, Dimon called the election 'one of the hardest fought and at times divisive elections in our recent history,' in a statement to The Wall Street Journal.
President-elect Donald Trump took to Truth Social on Thursday afternoon to say that JPMorgan Chase CEO Jamie Dimon would not be 'invited' to join the second Trump White House
Dimon was forced to publicly deny that he had endorsed Trump in October
'Soon it will be time for all of us to unite behind our President elect and all of our national leaders,' he said.
'We must begin the work of bringing our nation together and focusing on the pressing economic and global issues before us.'
At the summit in Lima on Thursday, Dimon reiterated this sentiment, laying out his views on the task Trump now faces in his second term in office, Fortune reported.
'The most important thing is whoever had been elected - and this is my belief - they are entering and are going to be responsible for the most complicated geopolitical military and geoeconomic situation that the world has faced since World War Two,' he said.
'Of course I wish him all the best… this could be a difficult thing with a lot of unknowns and uncertainties and so policy is going to matter.'
