JPMorgan Names Daniel Pinto, Gordon Smith as Co-Presidents in Succession Plan
- Trio of execs including two women said to be strong candidates
- Age hurts odds that two newly promoted leaders will become CEO
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Jamie Dimon made a joke of it: Ask him how much longer he plans to run JPMorgan Chase & Co., and he will always say five years -- until the day he quits. Again and again, his likeliest successors took the hint and left.
On Monday the company announced the five-year clock is actually starting to tick, a move that reset the calculus for identifying Dimon’s ultimate heir. And the field is much wider than it looks.