Plus   Neg

JP Morgan CEO Jamie Dimon Apologizes For Saying He Could Beat Trump In Election

Jamie Dimon, Chief Executive Officer of J.P. Morgan Chase, has apologized after he said he could beat President Donald Trump in an head-to-head election.

When asked about President Donald Trump, Dimon said that he would be able to beat the president in an election.

"I think I could beat Trump," Dimon said Wednesday during an event held at his bank's Park Avenue headquarters in New York, according to CNBC. "Because I'm as tough as he is, I'm smarter than he is. I would be fine. He could punch me all he wants, it wouldn't work with me. I'd fight right back."

Dimon said that he used to believe a wealthy New Yorker couldn't be elected president, but ended up being "dead wrong."

"And by the way, this wealthy New Yorker actually earned his money," he said referring about himself. "It wasn't a gift from Daddy."

However, Dimon apologized shortly after he issued those comments as it created a huge uproar.

"I should not have said it. I'm not running for president," the CEO said about an hour after he said the original statement. "Proves I wouldn't make a good politician. I get frustrated because I want all sides to come together to help solve big problems."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Alcoa Inc. (AA), the largest producer of aluminum in the US, Wednesday reported a third-quarter adjusted profit that trumped Wall Street estimates, driven largely by revenue growth. New York-based Alcoa reported third-quarter loss of $41 million or $0.22 per share, compared with profit of $113 million... Tesla Inc. (TSLA) CEO Elon Musk plans to buy $20 million of the luxury electric car company's stock, according to a filing with the Securities and Exchange Commission. "Separate and apart from the settlement, Elon has notified Tesla that he intends to purchase from Tesla, and Tesla expects that it... Tesla Inc. has acquired an 864,885-square meter plot in Shanghai's Lingang area for its new factory in China, the world's largest market for electric vehicles, according to media reports. The new factory will be the electric car maker's first Gigafactory outside the U.S. In July, Tesla confirmed it has signed a deal with the Shanghai Municipal Government to start building Gigafactory 3.
Follow RTT