Jamie Dimon, CEO of JP Morgan Chase, talking on the 2019 WEF in Davos, Switzerland on Jan. 23rd, 2019.Adam Galica | CNBCThe rising wealth hole sepa
Jamie Dimon, CEO of JP Morgan Chase, talking on the 2019 WEF in Davos, Switzerland on Jan. 23rd, 2019.
Adam Galica | CNBC
The rising wealth hole separating the wealthy from the remainder of the U.S. is a matter that must be resolved, J.P. Morgan Chase CEO Jamie Dimon stated in a “60 Minutes” interview that aired Sunday night on CBS.
“I believe it is an enormous downside,” Dimon stated. “I believe the rich have been getting wealthier an excessive amount of in some ways, so center class incomes have been form of flat for perhaps 15 years or so, and that is not significantly good in America.”
Dimon added that individuals on the decrease finish of the spectrum have “significantly been left behind,” noting: “We’ve not achieved a superb job rising our economic system. That will’ve mounted lots of that downside.”
His remarks come amid elevated criticism of the wealthy by sure U.S. presidential hopefuls, significantly Democratic Sen. Elizabeth Warren from Massachusetts.
I believe you need to vilify Nazis, however you should not vilify individuals who’ve labored onerous to perform issues.
Jamie Dimon
J.P. Morgan Chase CEO
On Oct. 23, Warren referred to as in a tweet for billionaire investor Leon Cooperman to “pitch in a bit extra so everybody else has an opportunity on the American dream.” The tweet drew the Cooperman’s ire.
Cooperman despatched a letter to Warren’s workplace in late October, saying “your tweet demonstrated a fundamental…