At last week’s Boston College event, Dimon said he “detest(s)” Trump’s legendary callous personality. Gotta love it, and also got to love what Dimon said about China and his dig at its massive and abusive surveillance state. Later, Dimon didn’t think twice about offending the leader of the free world when Jamie claimed he could easily beat Don in an election because Dimon’s “smarter.” Who can forget that when most of the liberal corporate elite kept their distance from President Trump, Dimon vowed to work with him. Left to his own devices, he’s brutally and refreshingly honest. Jamie Dimon ‘regrets’ saying JPMorgan will outlive the Chinese Communist Party They probably are listening anyway.” I’d make you a bet we last longer,” he quipped, adding: “I can’t say that in China. “I was just in Hong Kong and I made a joke that the Communist Party is celebrating its hundredth year. JPMorgan Chase CEO Jamie Dimon realized he has to stay on Chinese President Xi Jinping’s good side to maintain business relations. To understand the absurdity of Dimon’s apologia to the communist Chinese, let’s go back to exactly what Dimon said last week that prompted not just one bended-knee about-face, but two. Mostly, however, it’s in China as they look to tap into the country’s state-run market economy, which promises enormous profits given the country’s massive population and rising standard of living.Īnd that means Jamie Dimon has to eat crow when he says the truth even about a country that represses religious minorities, murders dissidents and has been credibly accused of unleashing COVID on the world and trying to cover it up. Maybe even worse, these CEOs spend a lot of time overseas dancing to the tune of dictators in places like Saudi Arabia and Russia. If BLM had its way, JPM would be shuttered and Dimon summoned for a Soviet-style show trial after being charged for crimes against humanity (a k a being a capitalist). Recall that Dimon himself took a knee in support of Black Lives Matter during last year’s summer of love to score some lefty kudos despite the movement’s Marxist underpinnings. In national politics, corporate chieftains dance to the tune of progressive elites, fearing backlash from the media and their Twitter hordes. Last week at Boston College, JPMorgan Chase CEO Jamie Dimon was riffing on US-China relations and said something every right-thinking person in the world should pray for: That a great American company will outlast the brutal Communist Chinese regime.īut CEO survival these days - even if it’s the head of the nation’s largest bank - is a bizarre spectacle. The state of corporate America is a sad one: Its best and brightest are so desperate to make a buck that they need to beg forgiveness when simply stating the obvious. The Fed’s left-face decision on Jerome Powell reign Who’s in charge? Biden letting lefty Warren call the fin-reg shots ![]() SEC case against Ripple Labs for XRP crypto sale a ‘Bit’ of a double standard Mandates, COVID spike bringing Wall Street back to square one
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