Dimon Says Being an American Abroad Is ‘Almost an Embarrassment’
- JPMorgan CEO says media should focus more on major issues
- He comments after biggest U.S. bank posts trading-revenue drop
Jamie Dimon, chairman and chief executive officer at JPMorgan Chase & Co., talks about the impact of government bureaucracy on the U.S. economy and businesses. He spoke on the company's second-quarter analyst conference call. (Source: Bloomberg)
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon, fresh from a work trip overseas, unloaded on everything that’s holding back U.S. businesses.
“It’s almost an embarrassment being an American traveling around the world,” Dimon, 61, said on a conference call with analysts. He doesn’t like listening to the “stupid shit” Americans have to deal with, expressing frustration over the nation’s inability to invest in infrastructure and overhaul the tax code. “There would be much stronger growth if there were more intelligent decisions and less gridlock.”