"Weeks after Donald Trump's first shock election win, bosses from across corporate America were scrambling to enter the president's orbit. Business leaders ranging from the General Motors boss, Mary Barra, to Disney's chief, Bob Iger, quickly signed up to a new advisory council in 2016 to help shape the aggressively pro-growth policies of this new populist politician. Among them was the head of America's largest bank: Jamie Dimon, the chair and chief executive of JP Morgan."
"Easily the biggest name on Wall Street, Dimon now 69 and paid $43m last year was feted for steering JP Morgan through the 2008 banking crisis and on to enviable financial success. Rumours were also swirling that the executive would be tapped to serve in Trump's administration. And while Dimon, a lifelong Democrat, reportedly turned down an offer to lead the US Treasury department, the pair continued to be on surprisingly good terms."
Corporate leaders across America quickly sought access to Donald Trump after his 2016 election win, joining an advisory council to influence pro-growth policies. Jamie Dimon, chair and CEO of JP Morgan, was celebrated for guiding the bank through the 2008 crisis and became a prominent Wall Street figure, despite being a lifelong Democrat. Dimon publicly offered to help any president as a patriot and reportedly declined a Treasury role. Relations between Trump and Dimon deteriorated over time, culminating in Trump filing a $5bn lawsuit accusing JP Morgan of politically motivated account closures after the January 6, 2021 Capitol riots. JP Morgan said closures addressed legal or regulatory risk.
Read at www.theguardian.com
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