October 28, 2021

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JPM CEO cites MLK to explain advising Trump to daughter – Business Insider

3 min read
  • JPM CEO Jamie Dimon’s daughter asked ‘how could you, Dad?’ after he joined Trump’s business council.
  • Dimon explained by saying Martin Luther King would have gone to “fight for his people.”
  • The business council disbanded following Trump’s remarks on a violent far-right rally in Charlottesville.

After JPMorgan Chase CEO Jaime Dimon joined one of the Trump administration’s business councils, his daughter sent him a letter including the line “How could you, Dad?” 

The CEO and chairman told “Axios on HBO” in an interview that he replied to her by saying Martin Luther King would have kept going to the meetings with Donald Trump to fight.

“You know I love my daughters, but after I went into Trump’s business council, one wrote me a long, elegant, nasty letter you know about ‘How could you, Dad?'” he said. “And I wrote her back saying you got everything right except for the conclusion, but Martin Luther King would be going seeing President Trump every time to fight, fight for his people.”

Jamie Dimon joined the Trump administration’s Strategic and Policy Forum in 2016, where he and other high-profile CEOs, including the heads of Disney and General Motors, advised Trump on economic issues, including spurring job growth and productivity.

In 2016, he publicly justified his decision by saying he wanted to help improve the country by serving on Trump’s advisory council. 

I am a patriot — I want to help my country and help it grow,” Dimon said to a Goldman Sachs Financial Services conference. “I want to help lower-wage people more than I want to help you.”

The CEO has said that his heart is Democratic and his brain is Republican, and has said that, unlike Trump, his personal fortune isn’t “a gift from daddy.”

The panel later disbanded in 2017 following Trump’s widely criticized remarks on the violence during the far-right rally in Charlottesville in August, 2017.

“I strongly disagree with President Trump’s reaction to the events that took place in Charlottesville over the past several days,” Dimon said in a 2017 memo to JP Morgan Chase staff. “Racism, intolerance and violence are always wrong.”

Dimon made the remarks about the letter from his daughter in response to a question about how he picks and chooses which issues to publicly comment on.

He told Axios CEO Jim VandeHei that he chooses to comment on some issues and stay silent on others, and has publicly talked about issues such as racial equity and human rights.

“We believe in human rights. We believe in free enterprise. We believe in the capitalist system. That’s all counter to China,” he said, when asked about China’s treatment of its Uyghurs population being called genocide by the US, and why he hasn’t spoken specifically about that or lobbied China’s government for change.

“The government needs to do that,” he said. “I could do whatever I want … I’m not going to do whatever I want without my board when it’s something like that, but we believe in human rights, we don’t believe in genocide or anything like that. But for me to like gratuitously make public statements I think is a mistake.”

A spokesperson for Dimon declined to comment.

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1 thought on “JPM CEO cites MLK to explain advising Trump to daughter – Business Insider

  1. No, government isn’t needed to criticize China. He could do it but loves money more than he hates genocide. Funny how he will critique Trump, which costs him zero, while maintaining silence over the country that unleashed Covid

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