President-elect Donald Trump announced that JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon would not be part of his new administration, but Dimon also announced that he had no plans to trade in his job to have a “boss” directing him.
Trump took to Truth Social to kibosh a Dimon role in his cabinet, writing: “”I respect Jamie Dimon, of JPMorgan Chase, greatly, but he will not be invited to be a part of the Trump Administration,” Trump wrote. “I thank Jamie for his outstanding service to our Country!”
Dimon, a Democrat, had been the center of speculation that he would consider a run for the presidency. And while he did not endorse Trump during this year’s election, some media sources wondered if he would be tapped to become the next Treasury Secretary.
For his part, Dimon offered a thanks-but-no-thanks response to Trump’s message.
“I wish the president well and think it’s a very nice note,” Dimon said in a Bloomberg interview during the APEC CEO Conference in Lima, Peru. “But, I just want to tell the President also I haven’t had a boss in 25 years, I’m not about ready to start.”
Photo courtesy Fortune Global Forum / Flickr Creative Commons
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