Jamie Dimon Appoints Successor, Weighs His Options


JPMorgan CEO Jamie Dimon has tapped James E. Staley to become the head of investment banking at the firm, a move that most people seem to think is tantamount to anointing a successor. Not that Dimon's bailing yet — but his reign as the homecoming king of America's financial system will eventually come to an end, and should things get gnarly again, it can't hurt to have someone to push out to distract the angry hordes while he makes his exit. Plus, according to John Carney at the Business Insider, Dimon is weighing some other career options.

1. Public Service

"There have been rumors that Obama might want to tap Dimon to run the Treasury Department."

But would Summers be around? That dude is such a killjoy. Or!

2. The Service Industry

According to the soon-to-be-released Last Man Standing, by our own Duff McDonald,

"One fantasy, according to his wife: opening his own restaurant and turning himself into Sam Malone of Cheers."

Hmmm, a place where everybody knows your name, and they're always glad you came (unlike at the White House)? And all the free beer you can drink? Done and done.

J.P. Morgan Shuffles Senior Ranks [WSJ]
JPMorgan’s Next Investment Bank Chief: A Primer [DealBook/NYT]
Related: The Heist [NYM]