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Non-Tech : J P Morgan Chase

JPM 327.91

-0.4%

Dec 26 9:30 AM EST

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From: David C. Burns	3/22/2013 5:16:38 AM
	of 52

After the laughter, who quizzes Dimon? Jamie Dimon is richer than the president. It’s likely he’s richer than every bank examiner there is, every cop on every beat and every teacher in every school. There is virtually no end to the people who have less than he has. They are everywhere. Mr Dimon got guffaws when he paid tribute to his own wealth last month, but his witticisms wore thin last week when the US Senate permanent subcommittee on investigations released its report on the $6bn loss registered last year by JPMorgan’s chief investment office on its so-called London Whale trades. All this suggests Mr Dimon might be better off if he had more people around who could ask him questions, even unwelcome ones. Perhaps one of these questioners could serve as a non-executive chairman at JPMorgan (to ease the transition, the board could possibly look for someone richer than Mr Dimon so he could bounce his ideas off someone he could respect). ft.com

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