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 On the Road Challenge: Clay pigeon shooting with Thesis' Lansdowne

On the Road Challenge: Clay pigeon shooting with Thesis' Lansdowne

Eleanor Mahmoud goes clay shooting at the National Clay Shooting Centre with Sam Lansdowne from Thesis Asset Management

Play AA-rated Flood on gov't bonds: 'the maths doesn't add up'

AA-rated Flood on gov't bonds: 'the maths doesn't add up'

He also addresses why his Newton Multi-Asset Income fund has such a high cash weighting and why he sees renewables as such a good opportunity.

Play AAA-rated Ali: Identifying the peripheral European plays

AAA-rated Ali: Identifying the peripheral European plays

Citywire AAA-rated Tawhid Ali thinks that plenty of good stocks in the European periphery are being thrown out with the proverbial bath water.

Read More
Your Business: Cover Star Club

Profile: Brewin's Cardiff boss on the Welsh opportunity

Profile: Brewin's Cardiff boss on the Welsh opportunity

Prior to becoming head of Brewin Dolphin Cardiff, Welshman David Myrddin-Evans had only previously visited the city to watch the rugby.

Wealth Manager on Twitter