Ackermann has experienced the chill of unwelcome publicity in recent days but how, I wonder, does Jamie Dimon feel when every day seems to bring another cloud, if not a hailstorm? I have written recently about how Jamie’s halo has become tarnished.
Yet it is obvious that dedicated Dimon continues to have the confidence of the JPMorgan board. Surely, the board, which strikes me as an august but emasculated organ, is collectively suffering from what one could term ‘charismatic chief executive syndrome’.
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