Jamie Dimon as President? For JPMorgan shareholders, another question is far more important

Only one question plagues us shareholders: who will come after Jamie Dimon? His contract expires this year and it is not clear if he will have another five years. He is 67, has survived severe cancer, ruptured an aorta in 2020 and occasionally flirts with a change in politics. But like so many successful managers, he failed to set up a clear successor: Sure, his COO could take over, but Daniel Pinto is already 60 and is not considered particularly keen on the executive chair. So maybe a dual leadership? Jennifer Piepszak (CFO, 51) and Marianne Lake (ex-CFO, Head of Consumer Banking, 53) would be predestined by their know-how, their balance sheet and their reputation in the bank – but they don’t have Dimon’s “Gravitas”. And at JP Morgan Chase – see bank bailouts – extremely important.