He’s the longest surviving executive on Wall Street. Jamie Dimon has led JPMorgan since 2006, a position he took over after two years as a member of the top management team. Before that he led Bank One, which was taken over by JPMorgan in 2004.
Mr. Dimon hasn’t just survived the 2008 financial crisis, but also the billions of dollars in costs the bank has faced as a consequence of the crisis and other legal scandals.
JP Morgan played a critical role in the financial turmoil. The bank aided the U.S. government’s crisis management by snapping up Bear Stearns and Washington Mutual – a move Mr. Dimon, in this exclusive interview, now labels a “mistake.”
Mr. Dimon was born in New York of a family of immigrants from Greece. He is Jewish, married and has three daughters. In the last year, cancer forced him to undergo eight months of chemotherapy. He says the experience hasn’t changed his management style, but shown him that nobody is “invulnerable.”
“I live more deliberately,” he added.
Politically, Mr. Dimon has long been a supporter of the Democrats. He caused a stir earlier this year by saying he would be willing to pay higher taxes – a comment he repeated in our interview. Compared to many of his Wall Street colleagues, he is never shy with his opinions.
The full interview is below. You can also read a summary.