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Dimon Says Pandemic, Racial Unrest Expose Inequality Fault Lines

  • Fink says BlackRock is looking inward on diversity matters
  • Annual shareholder letters acknowledge need to fix inequality
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WATCH: JPMorgan Chase & Co. CEO Jamie Dimon released his annual letter Wednesday.Source: Bloomberg)

Jamie Dimon said the Covid-19 pandemic and the murder of George Floyd in the past year have exposed the devastating effects of longstanding and profound inequities.

“Many of our citizens are unsettled, and the fault line for all this discord is a fraying American dream – the enormous wealth of our country is accruing to the very few,” the chief executive officer of JPMorgan Chase & Co. said in his annual letter to shareholders on Wednesday.