In a recent meeting with investors, James Dimon raised the possibility that he might leave J.P. Morgan Chase if shareholders vote to separate his roles of CEO and Chairman, according to people who attended the private meeting at the bank's headquarters.
The Wall Street Journal reports that the remarks are the strongest sign yet that the 57-year-old bank boss is wrestling with a range of options as he faces one of the defining moments of his career.
The final vote on a proposal to split the CEO and chairman roles will be announced May 21 at the company's annual shareholder meeting in Tampa, Fla.
At the meeting on Monday with investors, Dimon was asked what he would do if the vote went against him. 'I have not said what I will do publicly and I won't', he responded, according to a person who was there.
But then a participant asked what would be the worst-case scenario.
'Someone asked what the downside was if the vote goes to split it and (Jamie Dimon) said 'one thing would be I might leave', said Nomura Securities banking analyst Glenn Schorr, who organized the meeting.
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Amid Vote, Dimon Has Considered Departure (subscriber content)
image: © Steve Jurvetson