Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

JP Morgan boss Dimon diagnosed with throat cancer

JP Morgan chairman and CEO Jamie Dimon has revealed that he is suffering from throat cancer although it is said to be 'curable'.

Dimon's condition was revealed to staff through an internal memo with Dimon saying he will work through his treatment and that he plans to be at the bank for at least five years.

His openness won praise from Warren Buffett, who said Dimon got it 'just right' according to the FT. Buffet revealed that he had prostate cancer back in 2012, while Intel boss Andy Grove was also diagnosed while in the job.

Despite the potential problems of having a sick CEO at the helm, research by the Washington Post shows that Buffett and Grove's announcements barely moved their companies' share prices. Although Apple share price did get affected by news around former CEO Steve Job's health, it actually rose when he died in 2011.  

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Taxicab Tenner: AXA IM's Nicolas Trindade

Taxicab Tenner: AXA IM's Nicolas Trindade

After a summer break, it is the turn of AXA Investment Manager's Nicolas Trindade to give a £10 view of how fixed income is faring.

Play Wealth Manager Olympics: the Relay

Wealth Manager Olympics: the Relay

In the final round of the Wealth Manager Olympics, our intrepid athletes team up for the relay.

Play Wealth Manager Olympics: the Shot Put

Wealth Manager Olympics: the Shot Put

After busting a gut in the 100m sprint, our wealth manager Olympians displayed their brute strength in the shot-put.

Read More
Your Business: Cover Star Club

Profile: gearing up for the shift from consolidation to start-ups

Profile: gearing up for the shift from consolidation to start-ups

‘I think the industry is evolving rapidly, but not necessarily as a whole,’ says the head of recently launched Charles Nicholson AM

Wealth Manager on Twitter