JPMorgan Chase CEO Jamie Dimon said he met face-to-face with Mayor Zohran Mamdani and told him everything he wanted to say. Dimon described the meeting as pleasant, polite, and earnest, and said they discussed affordable housing and child care. He argued that most people want these outcomes and that doing them badly would be a disaster, while doing them right requires studies, knowledgeable experts, and proper policies. Dimon also noted that Mamdani has never held a job like running a city. He said mayors can fail if they cannot administer effectively or if ideology blocks practical policy. Dimon said he would help with good initiatives if possible.
"“He was very polite. It was very earnest. We had a very good conversation, but I said everything I wanted to say,” Dimon told Fox Business Network host Maria Bartiromo Friday. “I got to talk about affordable housing and child care. Most people want it. If you do it badly, it would be a disaster ... Do it right. There are studies that can tell you how to do it right. Get people who know what they're doing and implement proper policies.”"
"“I mean, he's running the city with 300,000 employees now,” Dimon said ahead of the Reagan National Economic Forum in Simi Valley, California. “And I've seen mayors who just, they fail abysmally because they can't administer themselves out of a paper bag, or ideology blinds them to practical, realistic, real-world policy. And so we'll see. And, you know, if I can help them do the good stuff, I'd be happy to do that.”"
"Mamdani met separately May 18 with Dimon and Goldman Sachs CEO David Solomon to try and smooth over controversy over the mayor's far-left policy plans, including for a so-called pied-a-terre tax on second homes valued at $1 million or more."
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