- JPM CEO Jamie Dimon’s daughter asked ‘how could you, Dad?’ after joining Trump’s business council.
- Dimon explained by saying that Martin Luther King would have gone to “fight for his people.”
- The executive council was dissolved following Trump’s remarks about a violent right-wing extremism in Charlottesville.
After JPMorgan Chase CEO Jaime Dimon joined one of the Trump administration’s executive boards, his daughter sent him a letter with the line “How could you, Dad?”
The CEO and chairman told “Axios on HBO” in an interview that he responded to her by saying that Martin Luther King would have kept going to meetings with Donald Trump to fight.
“You know I love my daughters, but after I went into the Trump business council, someone wrote me a long, elegant, ugly letter you know about ‘How could you, Dad?'” He said. “And I wrote her back and said you got everything right except the conclusion, but Martin Luther King wanted to see President Trump every time to fight and fight for his people.”
Jamie Dimon joined the Trump administration’s Strategic and Policy Forum in 2016, where he and other high-profile executives, including heads of Disney and General Motors, advised Trump on economic issues, including incentives for job growth and productivity.
In 2016, he publicly justified his decision by saying he wanted to help improve the country by sitting on Trump’s advisory council.
“I’m a patriot – I want to help my country and help it grow,” Dimon told a Goldman Sachs Financial Services conference. “I want to help lower paid people more than I want to help you.”
The CEO has said his heart is democratic and his brain is Republican and has said that unlike Trump, his personal fortune is not “a gift from Dad”.
The panel was later dissolved in 2017 after Trump’s heavily criticized remarks about the violence during right – wing extremism in Charlottesville in August 2017.
“I strongly disagree with President Trump’s response to the events that have taken place in Charlottesville over the last few days,” Dimon said in a 2017 memo to JP Morgan Chase staff. “Racism, intolerance and violence are always wrong.”
Dimon commented on the letter from his daughter in response to a question about how he chooses and chooses which topics he will comment on publicly.
He told Axio CEO Jim VandeHei that he chooses to comment on some issues and keep quiet about others and has spoken publicly about issues such as racial equality and human rights.
“We believe in human rights. We believe in free enterprise. We believe in the capitalist system. It is all against China,” he said when asked about China’s treatment of its Uighurs, who were called genocide by the United States, and why he has not spoken specifically about it or lobbied the Chinese government for change.
“The government has to do that,” he said. “I could do what I want … I do not want to do what I want without my board when it is such a thing, but we believe in human rights, we do not believe in genocide or the like. But for me to come for free with public statements that I think are a mistake. “
A spokesman for Dimon declined to comment.