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Jamie Dimon Defends Role in Advising Trump

May 17, 2017

[Photo: Jamie Dimon, from interview with Haley Draznin, CNN Money]

 

For the Chief Executive of JPMorgan Chase, who figuratively 'walks on water', having to explain or justify his actions is a departure from the norm. But that's just what Jamie Dimon had to do on Tuesady at JPMorgan's annual meeting in Wilmington, DE, where several angry shareholders criticized Mr. Dimon for participating on Donald Trump's business council. 

 

Dimon defended his actions, noting:  "I would try to help any president of the United States, because I'm a patriot. That does not mean we agree with all the policies that an administration comes up with."  And, "No," he would not step down. 

 

The actual business of the meeting was less controversial: voting shareholders sided with management on all major resolutions, including the election of directors and executive compensation.