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-- -- new potential wrinkle for JPMorgan and its shareholders in the midst of calls to split the chairman and CEO roles.
A bank had Jamie -- we now bank analyst Mike Mayo.
Says doing so could really backfire in the bank in -- big time -- says.
It -- -- as a result of stripping him of his chairman title JPMorgan's stock could drop 10%.
Causing a loss of up to twenty billion dollars.
-- dead -- Harrington -- the investments.
-- hearing capital management.
Kyle thanks for coming nine.
Thank you Melissa you know Mike Mayo did that map but he's not alone in those numbers what do you think about that does that sound right -- does that just sound gigantic.
Now I think it does sound right remember Melissa you're talking about -- -- want to close to a 200 billion dollar market capitalized.
So 10% is twenty billion dollars if the stock price was to trade off like that now.
-- you're talking here about Jamie -- this is a very.
Super astute man.
-- -- financial arena inside now he's very self assured.
-- this is this is going to be a very uninteresting.
Discussion whether or not they split the chairman and CEO title and I think part of this discussion -- as as a result of what took place in London where they lost significant value and -- -- the ability.
They still the boards throughout this -- that happens.
You know the stock is up 25%.
Since he's been in the chair and I think he's like it very clever thing by floating this idea.
That may be if they take -- chairmanship.
Why should -- stick around I mean he's made as billion dollars for himself.
He's 57 years old he's been doing it for a long time maybe he doesn't need -- -- if they're not gonna give him full power to run the company.
Yeah I I think that's right and and you you do as a as a JPMorgan shareholder as an investor where we invest capital on behalf of clients and we actually own JPMorgan.
-- have to be very care you got to be very careful here.
To not get too far under someone like his skin because he will walk away now.
The thing about both jobs if there is somebody molested that can do both jobs.
It is to actually Jamie Dimon and he's made it very clear in shareholder meetings talking to the investor public.
About the fact that he just simply loves what he does.
He loves running the global financial institution.
So if -- if I'm.
I'm looking at this and saying let's give him some runway to do both positions.
To see if in fact he can do the handling how -- not a -- again Melissa this is a very tenuous time.
In the financial arena -- I Iran.
You're shareholder so how do you respond to this because you have to think knowing Jamie that the way this would work out is if they did take away the chairmanship it's not like he would say.
You know go to hell I'm quitting tomorrow he would announce at some point down the road you know I'm better retire within the next year to you -- great success there.
Would would the stock still drop off immediately -- an as an investor are you setting up ahead of the meeting next week in case something happens how are you responding.
No doubt about it I mean I need is no question Melissa you know you want you -- had the -- what do you do.
I don't know if you're selling ahead of the meeting Melissa entirely but you're definitely trimming positions.
And remember this is the problem is you have Wells Fargo -- you have -- you have other global financial institutions.
That you can take positions in and move away from JPMorgan so all in -- in short I'm in favor of keeping him in the position.
This the other stock behaves over record -- over the near future.
Interest and Kyle Harrington thanks for coming on.
Thank you -- up next on my.
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