Dimon: We're on the way, we're moving people around. The timetable is not five years anymore. - AFP
NEW YORK: JPMorgan Chase CEO Jamie Dimon is telling investors the bank’s succession plans are underway, while warning investors yesterday about risks to the economic outlook.
The Wall Street firm’s shares closed almost 4% lower after Dimon told a New York gathering of investors that the bank will practice restraint on share repurchases and that he no longer sees a five-year timeline on succession.
