J.P. Morgan CEO Backtracks on Joke about Chinese Communist Party

J.P. Morgan Chase CEO Jamie Dimon at a conference in Washington, D.C., April 9, 2019 (Jeenah Moon/Reuters)

J.P. Morgan CEO Jamie Dimon backtracked on his joke that the lifespan of his financial behemoth will exceed that of the Chinese Communist Party’s.

“The Communist Party is celebrating its 100th year — so is JPMorgan,” Dimon remarked during speech at Boston College on Tuesday. “I’d make a bet that we last longer.”

He noted that his words could count as criminalized speech in China, making a snide comment about the regime’s authoritarian surveillance capabilities.

“I can’t say that in China,” Dimon added.  They are probably listening anyway.”

On Wednesday, the Wall Street leader apologized for any offense he may have caused by his statement and attempted to clarify his intentions.

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