JPMorgan CEO Jamie Dimon steered in an interview early Wednesday that he could be open to working for workplace, saying: “I like my nation, and perhaps sooner or later I’ll serve my nation in a single capability or one other. Hours later, billionaire hedge funder and activist investor Invoice Ackman threw his help behind Dimon’s imaginary candidacy in a protracted and effusive tweet, writing that the financial institution chief was the proper enterprise savvy outsider candidate for the 2024 election.
“We want an exemplary enterprise, monetary, and world chief to handle by way of what’s prone to be a critically vital decade for our nation in figuring out our future,” Ackman wrote within the tweet. “Jamie Dimon is that chief.” He went on to explain Dimon as a pro-free enterprise centrist who may unite the left and proper, and a person of “exemplary and unimpeachable character.”
JPMorgan Chase declined Fortune’s request for remark.
Though Dimon teased the concept of a political run, the financier has served as the top of JPMorgan since 2005, and has no plans to go away the financial institution within the close to future, including in the identical interview that he loves his work there.
However in his enthusiastic help of Dimon, Ackman proposes he run on the Democratic ticket, criticizing Biden’s tenure as president, and suggesting that Dimon’s outsider standing may place him advantageously within the social gathering, even going as far as to name him “an exquisite father, pal, husband, and son. In sum, he’s the sort of particular person our nation deserves as our subsequent chief.”
He added that Dimon’s enterprise acumen is uniquely crucial within the face of the nation’s debt disaster and impending recession.
“He has beautifully managed @jpmorgan by way of each disaster, and has constructed the world’s finest, giant, world monetary establishment working for purchasers from startups and mother and pops, to world establishments and nations,” Ackman wrote.
JPMorgan has seen enormous success underneath Dimon’s management. Dimon has maneuvered the nation’s largest financial institution by way of the worldwide monetary disaster and the current collection of financial institution collapses whereas sustaining progress.
Ackman means that the CEO has actually been so profitable that he’s hit a ceiling in his present place because the “world’s finest banker,” and says he would most profit the economic system as a public servant.
“There is just one higher job for Jamie than CEO of JPM and that’s POTUS,” Ackman wrote. He added that Dimon changing into president would bolster JPMorgan inventory.
Dimon has hinted at working for workplace earlier than, stating publicly at a 2018 JPMorgan occasion: “I believe I may beat Trump, as a result of I’m as robust as he’s, I’m smarter than he’s. I’d be nice. He may punch me all he desires, it wouldn’t work with me. I’d combat proper again.” He retracted the feedback an hour after the occasion, saying that he was not working for president. CNBC reported in 2019 that Dimon had weighed working within the 2020 election throughout 2018, however determined towards it as a result of he doubted his probabilities with the extra liberal aspect of the Democratic social gathering.
Ackman’s Wednesday tweet isn’t his first endorsement of a possible Dimon candidacy. In March, he mentioned the 2024 election on 20VC, a enterprise capital podcast, telling host Harry Stebbings that Dimon could be his ideally suited candidate for the upcoming presidential race.
“A globally-recognized, revered, proficient enterprise builder that understands the economic system, that understands geopolitics, that has relationships with enterprise leaders globally and in addition has a observe file of caring for broad ranges of residents — that sort of particular person would make for a superb candidate,” Ackman informed Stebbings. He additional predicted that Dimon may simply increase billions of marketing campaign {dollars} from the left and proper alike.
But when Dimon plans to run for workplace, he wants to start constructing help within the broad voters now, Ackman wrote in his Wednesday tweet, finally urging his followers to specific help for a Dimon marketing campaign, calling it a “civic responsibility” to persuade the CEO to run.
“Jamie simply wants a push from individuals he respects and from the broader voters,” Ackman wrote. “In case you agree that he needs to be our subsequent POTUS, give him a name, ship him an e-mail or go see him, and like and retweet this tweet.”
