James Dimon (MBA '82), Chairman and CEO, JP Morgan Chase James Dimon became Chairman of the Board on December 31, 2006, and has been Chief Executive Officer since December 31, 2005. He had been President from 2004 until 2018 and Chief Operating Officer from 2004 until 2005 following JPMorgan Chase’s merger with Bank One Corporation. At Bank One he was Chairman and Chief Executive Officer from March 2000 to July 2004. Before joining Bank One, Mr. Dimon held a wide range of executive roles at Citigroup Inc., the Travelers Group, Commercial Credit Company and American Express Company.
Mr. Dimon is on the Board of Directors of Harvard Business School and Catalyst; Board Member of the Business Roundtable; and a member of The Business Council. He is also on the Board of Trustees of New York University School of Medicine. Mr. Dimon does not serve on the board of any publicly traded company other than JPMorgan Chase.
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Jamie Dimon (MBA ’82) is perennially named the most admired Fortune 500 CEO. While 2020 was another strong year for JPMorgan Chase, Dimon is addressing the current challenges of an economy impacted by COVID-19, a global recession and economic inequality and racial equity with bold initiatives. In October 2020, Dimon announced a $30 billion initiative by JPMorgan Chase over five years to advance racial equity.
With the recent passage of the $1.9 trillion stimulus bill, there has been a lot of talk about possibly overdoing it and flooding the economy with extra cash, thereby stoking fears of inflation. Larry Summers has argued that the stimulus might be too big, while Jay Powell and Janet Yellen feel the stimulus may not be big enough.
JPMorgan Chase Chairman and CEO Jamie Dimon notes there are merits to both sides of the argument.
“It’s not a binary subject. Democrats and Republicans are like ships passing the night. There are legitimate complaints about items in this bill that have nothing to do with COVID,” Dimon told Bloomberg Markets recently. “[But] there are a lot of people who need help. Both are true. If you want to go through it, you have to go through the detail.”
Dimon is optimistic about a return to normalcy by the summer. This comes at a time when banks and other businesses are figuring out how to bring workers back to the office safely after a successful roll out of the vaccines.
JPMorgan Chase continues to innovate in finance, creating its own digital currency and a business unit devoted to blockchain. In addition, sustainability and investing in environmentally friendly businesses continues to be a priority.
Jamie Dimon, will have an exclusive conversation with HBS Clubs across the United States hosted by HBS Club of NY and co-sponsored by the Boston, Chicago, Houston, Northern California and Southern California HBS Clubs to discuss rebuilding a more inclusive economy and the other important challenges facing JP Morgan and our Nation. Join us for this unforgettable discussion.