JPMorgan CEO Jamie Dimon says he’s eyeing up book deals and teaching gigs when he steps away from his decades-long career at the banking giant
Workers dream of the moment They can give up work for good, put their feet up, and enjoy indefinite downtime. But, JPMorgan Chase CEO Jamie Dimon He just announced that he will retire second act of career.
Dimon: ‘I’ll do business with people I love’ axios His plans after leaving the CEO position last interview.
“I’ll probably write a book, maybe write more about management and things like that, and I might write a book about the financial crisis as well. There’s a lot of things that people don’t quite understand about what actually happened.”
The 70-year-old banking giant legend said teaching, a popular job for leaders with decades of industry expertise, is also on the table. Former General Electric (GE) general manager Jeff ImmeltHe led the $370 billion industrial giant for 16 years and served as a lecturer at Stanford Business School. Dimon also floated the possibility of “something around something media-related.” Whatever his post-CEO career, he’ll stay busy.
Dimon “I have to do something” said on acquired podcast from last year. “I won’t twiddle my thumbs and smell the flowers.”
JPMorgan Chase rejected Fortune’s request for comment.
Dimon prepares to take over $890 billion bank
Dimon has been at the helm of the world’s largest bank by market value for more than 20 years. The Wall Street veteran led JPMorgan through the 2008 financial crisis, major acquisitions and periods of record profits. But as Dimon continues to overstep the mark Typical CEO retirement age The 63-year-old world is watching who will replace the legendary banker, who claimed that he will leave his post as general manager in about three years.
“The last time I was asked, I said it was less than five years,” Dimon said. said GIS last year. “But when you say ‘retire’, I won’t retire like that. I can write books. I can teach. I can work with my children if they want. I would never pressure them to work with me.”
Dimon added it was “probably” He would resign as Remain CEO and chairman, but ultimately the board has the final say. “But I could be president for a few years, if that makes sense.” Now that a rough timeline has been established, the race to succeed Dimon has come into sharper focus.
there is one several possibilities on the tableSome promising candidates have already been eliminated. Just last month, the succession pool lost a leader after JPMorgan announced that Marianne Lake, CEO of consumer and community banking, would be leaving the bank. And another internal candidate, the company’s chief operating officer Jennifer Piepszak, has expressed interest in not wanting Dimon’s coveted job.
