One of the most perilous positions in banking is as possible successor to Jamie Dimon. So, Marianne Lake and Jennifer Piepszak have already demonstrated their bravery in accepting a role previously filled by a string of highly regarded and long-serving JPMorgan executives who never managed that final step.
Think of Bill Winters, ousted in 2009 and now chief executive of Standard Chartered; Charlie Scharf, who worked for Dimon for 25 years from the early days at Commercial Credit but left JPMorgan in 2012 and now heads Wells Fargo; Jes Staley, who quit in 2013, already eight years into Dimon’s tenure, now chief executive of Barclays; and Michael Cavanagh who departed a year later for Carlyle and is now CFO of Comcast.
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