News Column

JPMorgan CEO has throat cancer

July 1, 2014

By Kevin McCoy, and Yamiche Alcindor, USA TODAY

JPMorgan Chase CEO Jamie Dimon revealed Tuesday that he has throat cancer, but he also said he plans to stay at the helm of the global banking giant while he undergoes treatment.

Dimon sent a letter to bank executives and employees Tuesday saying the cancer is curable and his prognosis is excellent, since the disease was detected quickly.

"The good news is that the prognosis from my doctors is excellent, the cancer was caught quickly, and my condition is curable," Dimon said in the letter. "I feel very good now and will let all of you know if my health situation changes."

Dimon said he will undergo radiation and chemotherapy treatment at Memorial Sloan Kettering Cancer Center in Manhattan for the next eight weeks, and he intends to run the bank during that time. "He is going to be actively involved in the business every day," says Joe Evangelisti, company spokesman.

JPMorgan shares rose 0.6% to $57.57 in trading Tuesday before news broke. In after-hours trading, the stock fell 0.6%.

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Source: USA Today

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