Pursuits
Dimon Warns ‘Something Is Wrong’ With the U.S.
- Annual letter offers detailed assessment of economic problems
- ‘It is understandable why so many are angry,’ Dimon writes
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JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon has two big pronouncements as the Trump administration starts reshaping the government: “The United States of America is truly an exceptional country,” and “it is clear that something is wrong.”
Dimon, leader of world’s most valuable bank and a counselor to the new president, used his 45-page annual letter to shareholders on Tuesday to list ways America is stronger than ever -- before jumping into a much longer list of self-inflicted problems that he said was “upsetting” to write.