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Dimon publicly stated that his company’s Morgan Health venture is centered around “producing better health outcomes,” which apparently requires that unvaccinated workers no longer be paid to work from home. They must either get jabbed and come into the office, or else get fired. “To go to the office, you have to be vaxxed. And if you aren’t going to get vaxxed, you won’t be able to work in that office,” Dimon fumed. “And we’re not going to pay you not to work in the office.” This loudmouthed tyrant has been a staunch advocate for in-person work all throughout the...

one might suspect that Kenneth Polite, the man President Biden nominated and the Senate confirmed to head the Criminal Division of the Justice Department in July, might also take an interest in this matter since the plaintiff is alleging that the Justice Department got played by JPMorgan Chase in its 2016 non-prosecution agreement. Unfortunately, Polite will have to recuse himself from this matter because JPMorgan Chase was his client at his former law firm, Morgan, Lewis & Bockius, according to the financial disclosure form he filed with the Office of Government Ethics. Polite signed an Ethics Agreement on April 23,...

WASHINGTON — Amazon, Berkshire Hathaway and JPMorgan Chase & Co. will create an independent health care company that is “free from profit-making incentives” that will aim to reduce healthcare costs for their U.S. workers. The focus of the company will be technology solutions “that will provide U.S. employees and their families with simplified high-quality and transparent healthcare at a reasonable cost,” a news release says. “The ballooning costs of healthcare act as a hungry tapeworm on the American economy. Our group does not come to this problem with answers. But we also do not accept it as inevitable. Rather, we...

Jamie Dimon is a renowned Wall Street wisecracker but making jokes about China is risque even for the world's top banking executive. Speaking at a panel discussion at the Boston College Chief Executives Club, Dimon quipped: 'I was just in Hong Kong and I made a joke that the Communist Party is celebrating its hundredth year. So is JP Morgan. I'd make a bet we last longer.'

JPMorgan's longtime CEO Jamie Dimon says America's largest bank is currently 'stockpiling' cash because there's a 'very good chance' inflation is here to stay after being driven to its highest level in 13 years. Dimon said on Monday that JPMorgan is not buying Treasuries or other investments because of the risk that surging inflation will see the Federal Reserve increase interest rates. 'We have a lot of cash and capability and we're going to be very patient, because I think you have a very good chance inflation will be more than transitory,' Dimon said during a Q&A at Morgan Stanley's...

JPMorgan CEO Jamie Dimon is recovering from emergency heart surgery the company disclosed Thursday evening. Co-Presidents and Chief Operating Officers Daniel Pinto and Gordon Smith released a statement to employees and shareholders: "We want to let you know that Jamie experienced an acute aortic dissection this morning. He underwent successful emergency heart surgery to repair the dissection. The good news is that it was caught early and the surgery was successful. He is awake, alert and recovering well. Our Lead Director, Lee Raymond, said today, “Our Board has been fully briefed on these developments and has asked Daniel and Gordon...

Several billionaires have recently criticized the wealth tax proposal of presidential candidate Sen. Elizabeth Warren (D-MA). And fellow lawmaker Rep. Alexandria Ocasio-Cortez (D-NY) has come to her aid. During an interview with CNBC, JPMorgan CEO Jamie Dimon said of Warren: “She uses some pretty harsh words, you know, some would say vilifies successful people.” The New York congresswoman, who previously proposed a 70% tax on Americans with incomes over $10 million, jumped on Dimon’s remarks: Alexandria Ocasio-Cortez ✔ @AOC Y’all, the billionaires are asking for a safe space - you know, in addition to the entire US economy and political...

JPMorgan Chase CEO Jamie Dimon warned on Tuesday that a recession is on the horizon thanks to the continuing trade tensions with China. “Of course there’s a recession ahead,” Dimon said during a morning call with reporters after the bank announced its third-quarter earnings. “It does look like geopolitics, particularly around China and trade, are reducing business confidence and business capital expenditure,” Dimon added. On Tuesday afternoon, however, JPMorgan Chase spokesman Joe Evangelisti sought to downplay Dimon’s comments, noting that his boss didn’t mention the timing of his prediction.

J.P. Morgan Chase CEO Jamie Dimon said that the U.S. economy has essentially been split into those benefiting from thriving corporations and those who are left behind. “I don’t want to be a tone deaf CEO; while the company is doing fine, it is absolutely obvious that a big chunk of [people] have been left behind,” Dimon said. “Forty percent of Americans make less than $15 an hour. Forty percent of Americans can’t afford a $400 bill, whether it’s medical or fixing their car. Fifteen percent of Americans make minimum wages, 70,000 die from opioids” annually. “If you travel around...

The Republican tax plan that will cut U.S. coporate taxes will create jobs because "ultimately you're going to have a lot more capital retained and invested here," JPMorgan Chase CEO Jamie Dimon said at an Axios event Wednesday at the University of Michigan. Dimon said current tax rate is "a mistake" because other nations have reduced taxes while the U.S. hasn't. Why it matters: Republicans are nearing a final agreement on tax legislation to cut corporate rates from 35% to 21%. Some economists have warned the increased corporate profits wouldn't be used to create jobs

"The sole use of money is to circulate consumable goods." - Adam Smith, The Wealth of Nations Regularly absent in the discussion of money is the simple truth that it is not wealth. Money is not an investment either. Money is an effect of wealth that facilitates its exchange, while also facilitating investment in the creation of future wealth. Money can’t be eaten, nor would any reasonable person stuff it in large amounts under a mattress. Money is just a way for the producers of actual wealth - meaning goods and services – to exchange it with other producers. That’s...

Days after JPMorgan Chase & Co. CEO Jamie Dimon labeled Bitcoin a “fraud” and threatened to fire any employees caught trading cryptocurrency, it has emerged JPMorgan Securities made a number of trades on the Swedish stock exchange. Someone at the company bought and sold an instrument called Bitcoin XBT that tracks the bitcoin price. The trades were published on Sweden’s Nordbank website, detailing the “Bitcoin Tracker One” product, which is the first bitcoin tracking product to operate on a regulated exchange. The instrument is provided by XBT Provider AB. Nordbank’s data shows that JPMorgan holds over 9,000 XBT shares. XBT...

NEW YORK — Since President Trump’s election, Jamie Dimon has emerged as one of Wall Street’s most prominent voices in Washington. The chief executive of JPMorgan Chase serves on the White House business advisory council and is chairman of the powerful Business Roundtable. But in a series of calls on Friday to discuss the big bank’s quarterly profits, Dimon vented his frustration with gridlock in Washington. “It’s almost embarrassing being an American citizen … and listening to the stupid s— we have to deal with in this country,” Dimon said in one conference call. The inability to make headway on...

Full Title: "J.P. Morgan’s Dimon launches into expletive-tinged rant, saying ‘almost an embarrassment to be American’" Tell us what you really think, Jamie Dimon. J.P. Morgan Chase & Co.’s outspoken CEO on Friday broke into an impassioned, expletive-tinged rant on the state of Washington politics and its impact on the U.S. economy during one call to discuss second-quarter results.

While Jamie Dimon tried to maintain his traditionally optimistic outlook in his annual letter to shareholders, there was a distinct undertone of pessimism in the latest 45 page letter released earlier today, in which he writes that while the U.S. is "truly an exceptional country," probably stronger than ever before, he cautions that "something is wrong - and it's holding us back."Here are the highlights from the gloomy passage reposted below in its entirety.Dimon's letter notes that the economy has been growing much more slowly in last decade or two than in the 50 years before then, with real...

JP Morgan may cut up to 4,000 UK jobs if there is a vote to leave the European Union, its chief executive has warned. Jamie Dimon said that Brexit would "be a terrible deal" for the UK economy.

Jamie Dimon is sounding the alarm on auto loans. "Auto is clearly a little stretched, in my opinion," the JPMorgan Chase (JPM) CEO said Thursday morning, speaking at the Alliance Bernstein Strategic Decisions Conference in New York. "Someone is going to get hurt... we don't do much of that." But other lenders have. The average size of new auto loans is rising, as is the average payment size, according to research from Experian released Thursday morning. In May, the total amount of auto loans cracked the $1 trillion mark for the first time, marking a 10 percent increase. It comes...

Jamie Dimon likes to write grandiose letters to shareholders. Unfortunately, the financial media sees fit to treat them seriously. And his minders manage to save him from himself. Right after the crisis, DimonÂ’s annual missive contained an section praising the heroics of his staff, comparing them at length to the soldiers at Iowa Jima. Dimon was persuaded to get rid of that bit only because his outside PR firm threatened to quit. This yearÂ’s letter, as recapped by the Financial Times, is every bit as exaggerated, although less obviously so to the outsider. The theme this year is why too...

JPMorgan Chase boss Jamie Dimon said Tuesday that he has been diagnosed with a curable throat cancer, but will remain working while undergoing treatment. The prognosis from doctors is "excellent" and it was caught quickly, he wrote in a memo to colleagues and shareholders. Dimon, 58, will receive radiation and chemotherapy treatment over the next eight weeks at Memorial Sloan Kettering Hospital in New York. Although he will curtail his traveling, the bank CEO expects to be actively working during that period. He made the announcement just before he was about to leave on a previously scheduled trip to five...

JPMorgan Chase almost doubled Chairman and CEO Jamie Dimon’s pay for 2013, rewarding the executive for settling probes against the bank. Dimon will receive total compensation of $20 million in 2013, consisting of $18.5 million in stock options and a base salary of $1.5 million, the bank said in a statement Friday.