Jamie Dimon for treasury secretary? Thoughts? Cares? Concerns?

Jamie Dimon for treasury secretary? Thoughts? Cares? Concerns?

How big a bull is in the china shop? Would love to hear the pros and cons.

From Reuters:

Chief Executive Jamie Dimon may still be in the running to become U.S. Treasury secretary, Fox Business Network reporters said on Wednesday, casting a cloud of uncertainty over the nation's largest bank.

After Fox anchor Maria Bartiromo tweeted that Dimon "will get" the position, her colleague Charles Gasparino tweeted that Dimon does not want the job but would be willing to play an advisory role.

Bartiromo later said that Steve Mnuchin, a former Goldman Sachs Group Inc partner who was campaign finance manager for President-elect Donald Trump, is also a contender and that a decision will be made at a meeting on Thursday.

A Trump transition team source told Reuters that Dimon is "pitching hard" for the Treasury role. Another source said Dimon was not interested in the job. Both spoke on condition of anonymity.

http://www.reuters.com/article/us-usa-trump-dimon…

Region

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (19)

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
Nov 16, 2016 - 10:59pm

I think that the bottom line is that nobody knows who the pick will be. I'm fairly certain that even Trump doesn't know who to nominate for his administration.

"There's nothing you can do if you're too scared to try." - Nickel Creek
Nov 16, 2016 - 11:21pm

So weird. Dimon is reported as saying both he's not a good fit for the spot and pitching hard.

Why on earth would he want that pay cut?

Array

Nov 17, 2016 - 8:20am
A Smith:

He's getting old - he probably wants to retire. **This job would allow him to sell his shares without paying any taxes.**

^ this

Get your facts first, then you can distort them as you please.
Nov 17, 2016 - 9:12am

Not a chance Jamie leaves. Mary Erdoes Callahan is good, but no Jamie.

26 Broadway where's your sense of humor?
Nov 17, 2016 - 12:44pm

Yum if he does. :)

********"Babies don't cost money, they MAKE money." - Jerri Blank********
Start Discussion

Total Avg Compensation

June 2021 Investment Banking

  • Director/MD (9) $911
  • Vice President (35) $364
  • Associates (204) $233
  • 2nd Year Analyst (115) $151
  • Intern/Summer Associate (97) $145
  • 3rd+ Year Analyst (27) $145
  • 1st Year Analyst (420) $131
  • Intern/Summer Analyst (338) $82