The idea of Jamie Dimon running for U.S. president makes sense in one way: After helming JPMorgan , the biggest bank in the Western world, there aren’t many bigger jobs. Nor should it be surprising that a billionaire such as Bill Ackman strongly supports the idea. There are big reasons, however, why Dimon would be a square peg in an Oval Office.
Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., pauses as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023. REUTERS/Marco Bello/File Photo
NEW YORK, June 2 - The idea of Jamie Dimon running for U.S. president makes sense in one way: After helming JPMorgan , the biggest bank in the Western world, there aren’t many bigger jobs. Nor should it be surprising that a billionaire such as Bill Ackman strongly supports the idea. There are big reasons, however, why Dimon would be a square peg in an Oval Office.Working in Dimon’s favor is that his mega-bank counts a third of U.S. households as customers and employs roughly 300,000 people. JPMorgan also avoided being directly bailed out by taxpayers, even as it benefitted from peers that were.
Temperament is on Dimon’s side, too. Presidents who succeed tend to combine common personality traits, according to psychologist Aubrey Immelman, who has ranked actual and hopeful. Voters respond favorably to dominance, extroversion and ambition verging on benign narcissism, all of which describe Dimon.
There’s a grueling campaign to consider, though. For all its economic importance, JPMorgan oozes mud. It has paid
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