Wednesday, August 16, 2017

Jamie Dimon Letter to Employees Distancing Himself From Trump Remarks

JPMorgan Chase CEO Jamie Dimon sent the following letter to all of the bank's employees:
Message from Jamie Dimon

I strongly disagree with President Trump’s reaction to the events that took place in Charlottesville over the past several days. Racism, intolerance and violence are always wrong. The equal treatment of all people is one of our nation’s bedrock principles. There is no room for equivocation here: the evil on display by these perpetrators of hate should be condemned and has no place in a country that draws strength from our diversity and humanity.

As a company and for all business in general, it is critical that we help develop rational, intelligent policies to help expand opportunities for all of our citizens. I know that times are tough for many. The lack of economic growth and opportunity has led to deep and understandable frustration among so many Americans. But fanning divisiveness is not the answer. Constructive economic and regulatory policies are not enough and will not matter if we do not address the divisions in our country. It is a leader’s role, in business or government, to bring people together, not tear them apart.

Today, the members of the President’s Strategic and Policy Forum agreed to disband. The group put out its own statement. But I also wanted you to understand why I personally supported this decision and how strongly I feel about these issues.

I’m very proud of the 250,000 people working here at JPMorgan Chase. I see your values every day – in how you treat your clients, your communities and each other. I am proud to see so many of you leading by example and not losing sight of the core principles which made our country great. I stand with you.


  1. Jamie Dimon has no issue with Antifa & commie violence against protesters over the past year.

    1. Re: Apollo Slater,

      ─ Jamie Dimon has no issue with Antifa & commie violence against protesters over the past year. ─

      Perhaps, perhaps not. However you have to concede it is very difficult to not have an issue with a president who insinuates there are nice and sincere people who populate white supremacist and Nazi groups.

    2. It is amazing that people continue to create whatever narrative that they want. There is no doubt that there were regular, non-nazis at the rally over the weekend just as there were regular, non-antifa counter protesters at the rally. Francisco, your hate for Trump is clouding every comment you make. Stick to your low IQ Cheetos insults. I heard the speech, he condemned white nationalists and then spoke the truth about antifa. What is the issue here? The left is in firm control of the message being delivered to the sheeple and people are eating it up because they have no ability to think for themselves.

    3. Re: Rob,

      Ir behooves me to fancy a regular bloke who would believe a good idea is to march alonside white supremacists and Nazi sympathizers. Whatever your opinion is of my pet name for the president (Cheeto-man) is completely irrelevant. I have to question why would you think it was good idea to focus on that and complete ignore the problem of "good" white supremacists. Explain that to me.

    4. Perhaps white nationalist is more appropriate.

      Hell, non-brainwashed Blacks and former Muslims have more in common with the "Alt-Right" than AntiFa.

  2. This is actually the sort of thing Trump excels at and will actually help him in an odd way. Throughout the campaign Trump said one off the wall thing after the next, which had pundits convinced it would end his candidacy. It didn't. This won't end his presidency. Rather, it burnished his credentials among the faithful.

    None of this is to suggest Trump is some sort of great president. Only that his sense of the public mood is well ahead of his political opponents and certainly ahead of that of JPM or Goldman Sachs.

    I have no doubt Gary Cohn and Jamie Dimon hold enormous behind the scenes power that they can use against Trump. But the public hardly looks to them for guidance on social matters.

  3. Hey Jamie Whineman, you're not too proud to stop taking $14 billion a year in taxpayer subsidies, are you? How proud are you of the $13 billion you paid for ripping off investors with your fraudulent mortgage bonds? You should be in prison and JP Morgan Chase should be bankrupt. You're a pox on capitalism and free markets, you crony opportunist bankster scumbag. You're more con artist than businessman.

    You personally contributed more to the downfall of core American principles than a million racists ever could. I hope this fact - that you must live with gnawing at your brain every day - eats what's left of your rotten, decaying soul.

  4. The CEO is a grandstanding coward. Many on LinkedIn condemned him as such. Trump showed some real leadership by reviewing the facts and coming to the conclusion that violence will not be tolerated by either side.