For first time, Dimon and family plan to sell some of his JPMorgan stock

Marcus Baram
Author Marcus Baram

Marcus Baram is a contributing editor at Crain Currency, where he covers the intersection of finance and politics. Prior to joining Crain Currency, Baram was a staff writer at Fast Company and an editor at Huff Post. He has also written for outlets such as The New York Times, The Atlantic, and Vice. Baram is an expert on economic policy and has a deep understanding of the ways in which politics shapes the global financial system. In his role at Crain Currency, he brings a unique perspective to the complex and ever-evolving world of finance. With his keen analysis and clear writing, Baram helps readers make sense of the important issues impacting the economy today.

Oct 27, 2023
10 months ago
Jamie_Dimon

Longtime JPMorgan CEO Jamie Dimon and his family plan to sell 1 million of his 8.6 million shares in the financial behemoth “for financial diversification and tax-planning purposes."

The 67-year-old executive’s sales would be worth more than $140 million at Thursday’s closing price. His entire stake is worth $1.2 billion, not including other shares he has earned as part of his compensation. 

Dimon “continues to believe the company’s prospects are very strong, and his stake in the company will remain very significant,” per the SEC filing. And the sale is no indication that he plans to retire soon, a spokesman for Dimon told The Wall Street Journal, adding, “It’s simply part of his personal financial, tax and estate planning.”

The sale raised eyebrows, since Dimon often touts the fact that he hasn’t sold a single share of the stock since he took over JPMorgan in 2005.

Marcus Baram
Author Marcus Baram

Marcus Baram is a contributing editor at Crain Currency, where he covers the intersection of finance and politics. Prior to joining Crain Currency, Baram was a staff writer at Fast Company and an editor at Huff Post. He has also written for outlets such as The New York Times, The Atlantic, and Vice. Baram is an expert on economic policy and has a deep understanding of the ways in which politics shapes the global financial system. In his role at Crain Currency, he brings a unique perspective to the complex and ever-evolving world of finance. With his keen analysis and clear writing, Baram helps readers make sense of the important issues impacting the economy today.