Jamie Dimon has spent nearly two decades running the biggest bank in America, but he's starting to think about what comes next. In an interview with Axios that aired Saturday, the JPMorgan Chase & Co. (JPMorgan (JPM)) CEO laid out a post-banking life that could include writing books, teaching, and even a media venture—but definitely not a run for the White House.
Dimon, who has led JPMorgan since 2006, said he still loves the job but has begun contemplating his eventual exit. "I'm a banker, I'm a New Yorker. I'm 70 years old. I've had a couple of health problems. It's probably not me, plus I love what I do," he said, when asked about a potential presidential run.
Books, Teaching, and Public Policy
Dimon said he may write a book on management and another on the 2008 financial crisis, arguing that many aspects of the meltdown remain misunderstood. He also mentioned teaching, given his interest in leadership and sharing lessons from decades at the helm of one of the world's largest banks.
Another possibility is a media-related venture focused on public policy. Dimon recalled that he had once considered backing Axios before deciding it would be inappropriate for JPMorgan to have a relationship with the news outlet. His annual shareholder letters have long made him one of Wall Street's most influential voices on the economy, covering everything from geopolitics and fiscal policy to artificial intelligence.
No White House Run
Dimon was emphatic that he won't be entering politics. He said he's been asked about it but doesn't believe it's the right fit. "I can have a greater impact from my current platform," he said, adding that running for president would mean giving up work he enjoys for something "quixotic."
Succession Plan Takes Shape
Last month, JPMorgan named Doug Petno and Troy Rohrbaugh as co-presidents, a move widely seen as part of the bank's long-term succession planning. Reuters reported that Dimon is expected to remain CEO for at least another three years, though he told Axios the timing of his eventual transition is a decision for JPMorgan's board. He will stay on as executive chairman after stepping down as CEO.
In recent years, Dimon has spearheaded initiatives like a $1.5 trillion investment plan to boost U.S. competitiveness and national security, as well as the "American Dream Initiative." MarketDash data shows JPMorgan has a Momentum score in the 53rd percentile and a Growth score in the 75th percentile.
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