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JPMorgan Investors Show Concern for Dimon in His Cancer Fight

Jamie Dimon, chief executive officer of JPMorgan Chase & Co.  

 Jamie Dimon 58, who has led New York-based JPMorgan Chase & Co. since the end of 2005, navigating the 2008 financial crisis without a loss and doubling annual profit as the lender’s shares climbed 45 percent among others which have made him one of Wall Street’s most powerful leaders.


Dimon was reported to be suffering  from throat cancer and will soon start treatment for his cancer. With his illness foretold  to raise new questions about succession plans at the biggest U.S. bank. 

A portfolio manager at Ferguson Wellman Capital Management Inc. in Portland, Oregon, Ralph Cole said: 
His illness will revive questions about how the panel would theoretically handle his succession, saying: “Transition has always been a question and now that will be at the top of investors’ minds,” Cole said. “They have to be very vocal about who’s going to be stepping up during the eight-week period. They’ve got to be clear with everybody about who that is.”

Dimon, the company’s chairman and chief executive officer, told employees and shareholders in a memo that his condition is curable and that he’ll continue running the firm “as normal” during eight weeks of radiation and chemotherapy. The treatment will start soon at Memorial Sloan Kettering Cancer Center in New York, limiting his travel, the CEO said. 

What a world, no matter how good you are, once you are off the road, the earth just keep revolving. I still remember mum saying, "nothing is indispensable, we just have to do our best with every little opportunity we have"Wishing him a sound and quick recovery.

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