Lately, Jamie Dimon has been channeling his inner Hamlet, which is completely out-of-character for the normally decisive JPMorgan boss.
If you’re a regular reader of “On The Money,” you might recall our scoop back in the Sept. 12 edition that Dimon – despite being rumored to join a possible Trump administration if The Donald is elected in November – is actually a closet progressive and is supporting Kamala Harris in the fall classic.
More than a month later, the New York Times parroted our reporting on Tuesday with a non-scoop that “in private … Mr. Dimon has made clear that he supports Vice President Kamala Harris and would consider a role, perhaps Treasury secretary, in her administration.”
Well, it seems that the Times is a little late with Jamie’s latest mood swing. A source close to Dimon who has direct knowledge of his thinking (and don’t be surprised if this changes) now tells On The Money that “Jamie is not seeking any cabinet position and will not be joining either Administration.”
It’s not odd that both candidates might want a piece of Dimon after the election. Someone as vapid as Harris on all things economic could use his skill set. Trump’s fixation with Dimon mainly stems from picking his cabinet as a high-stakes version of “The Apprentice.” He likes people with star power and who look good in the role.
The 68-year-old Dimon certainly fits that bill as the extremely successful chief of the nation’s biggest bank. He kept JPM largely out of the 2008 financial debacle and largely scandal-free during his nearly 20 years at the helm. Plus, he still has most of his hair.
But Dimon has a Kamalaesque woke side as I point out in my new book, “Go Woke Go Broke; The Inside Story of the Radicalization of Corporate America.” And he likes to virtue-signal, which means you can see how he might be tempted to go to DC and save the world from MAGAism.
Under Dimon, JPMorgan has aligned itself with the far-left Human Rights Campaign. The advocacy group is foisting progressive boardroom practices on major companies (they’re big in pushing the radical Diversity Equity & Inclusion hiring policies) and if you read their website, they are trying to defeat Trump in the presidential race.
So why is Dimon backing off Harris now? It’s not just his inner Hamlet. He also reads the polls, and the last thing he needs running a highly regulated big bank is Donald Trump on his case as president.
A JPM spokesman had no comment.