Jamie Dimon Regrets China Remarks

Jamie Dimon (official pic)

Jamie Dimon, The CEO of JPMorgan Chase, goes via a compelled apology tour. Dimon is at the moment strolling again feedback that he not too long ago made about China.

So, what exctly did Jamie Dimon say? Properly, he claimed that JPMorgan Chase would last more than the Communist Celebration of China. And, in fact, the Chinese language Communist Celebration didn’t like listening to that.

Dimon was in Hong Kong not too long ago the place he made point out of the truth that JPMorgan Chase was celebrating its one hundredth 12 months of doing enterprise in China the identical time that China’s Communist Celebration is celebrating its a hundredth 12 months.

Jamie Dimon stated, “The Communist Celebration is celebrating its a hundredth 12 months. So is JPMorgan. And I’ll make a guess we last more.”

“I can’t say that in China,” Dimon added whereas laughinh. “They in all probability are listening anyway.”

Now, Jamie Dimon is taking a extra severe tone. “I remorse and shouldn’t have made that remark. I used to be attempting to emphasise the energy and longevity of our firm,” Jamie Dimon stated in an official assertion.

And, if that was not sufficient, Dimon additional apologized when he spoke as a part of as Boston Faculty collection of CEO interviews Tuesday, saying, “I made a joke the opposite day that the Communist Celebration is celebrating its a hundredth 12 months – so is JPMorgan. I’d make a guess that we last more. I can’t say that in China. They’re in all probability listening anyway.”

There’s an outdated saying: “By no means chunk the hand that feeds you!” Now, some individuals will name the apology an act of cowardice. China opponents will describe it as yet one more instance of a Western chief begging forgiveness from the Chines authorities out of worry of reprisals.

China, nevertheless, is a very powerful market on this planet right now and nobody needs to alienate the Chinese language authorities. And that being stated, this isn’t one thing that solely occurs on the subject of China?

Companies, governments, politicians and even celebrities are all the time apologizing today for even the notion {that a} easy remark they made was someway offensive to a rustic, a bunch of individuals, a tradition and even a person.

Positive, Jamie Dimon in all probability was not making a deliberate political assertion when he stated what he stated. Nevertheless it doesn’t matter.

Within the age of social media, the place the whole lot anybody of any significance does, and even issues accomplished by individuals who nobody has ever heard of earlier than, is filmed by somebody on their sensible telephone after which uploaded to the Web, every one in every of us should continually be on guard.

For those who make a brief quip that solely final 12 months would have been the funniest ever posted on-line, however which right now is taken into account offensive by somebody, someplace, you’ll by no means get to run for President of the USA.

Jamie Dimon Regrets China Remarks