• Atul Gawande will switch roles at health care joint venture Haven

    Atul Gawande will switch roles at health care joint venture Haven

    Harvard surgeon and author Atul Gawande will step down as chief executive officer to take on the role of chairman at Haven, the healthcare joint venture of Amazon, Berkshire Hathaway and JPMorgan Chase. Boston-based Haven said on Wednesday Gawande was taking the new role to focus on company strategies, and form policies related to the …
  • Goldman Sachs votes to pay CEO David Solomon $24.7M

    Goldman Sachs votes to pay CEO David Solomon $24.7M

    Goldman Sachs shareholders approved CEO David Solomon’s $24.7 million pay day on Thursday despite calls for it to be voted down in light of the COVID-19 pandemic. Seventy-one percent of shareholders OK’d the 2019 compensation package, down from 91 percent the year earlier, Goldman announced at its annual shareholder meeting. The 58-year-old chief executive’s pay …
  • JPMorgan Chase profits sink 70 percent as bank braces for loan defaults

    JPMorgan Chase profits sink 70 percent as bank braces for loan defaults

    Jamie Dimon is preparing America’s biggest bank for some very rainy days ahead. The chief executive of JPMorgan Chase said he sees the economy worse before they get better on Tuesday after his bank reported its profits fell nearly 70 percent in the first quarter of 2020 as the coronavirus ravaged the US economy, forcing …
  • Dimon mulls suspending JPMorgan dividend if unemployment hits 14 percent

    Dimon mulls suspending JPMorgan dividend if unemployment hits 14 percent

    JPMorgan Chase top boss Jamie Dimon on Monday said he sees a “bad recession” in 2020, and that the largest US bank could suspend its dividend if the coronavirus crisis deepens. Dimon, widely regarded as the face of the US banking sector, is the most prominent voice on Wall Street so far to project that …
  • It’s time for billionaires to use their billions to save the economy

    It’s time for billionaires to use their billions to save the economy

    Extraordinary times call for extraordinary measures. It’s time for the brightest in business to use the bulging billions on their balance sheets to help save the US economy. A consortium of Apple, Warren Buffett and JPMorgan need to lead us out of this mess by pooling $200 billion and leveraging resources for the good of …
  • JPMorgan CEO Jamie Dimon back at work after emergency heart surgery

    JPMorgan CEO Jamie Dimon back at work after emergency heart surgery

    JPMorgan Chase boss Jamie Dimon is back on the job after recovering from emergency heart surgery in early March. “I have been recuperating well and getting stronger every day,” the bank CEO wrote in a Thursday morning memo to colleagues, “and I am happy to be back to work this week — albeit working remotely …
  • Jamie Dimon’s recovery from heart surgery not fast enough for anxious Wall Street

    Jamie Dimon’s recovery from heart surgery not fast enough for anxious Wall Street

    When Wall Streeters tell Jamie Dimon to get well soon, they mean it. As Washington rushes to prevent the coronavirus pandemic from becoming a bigger economic crisis than the 2008 mortgage meltdown, financial types are bemoaning the loss of their unofficial spokesman, JPMorgan’s straight-talking boss. Dimon, a born-and-bred New Yorker who lives on Park Avenue, …