No major bank CEO thinks a female or person of color is likely to succeed them. The CEOs answered the question during a Congressional hearing on Wednesday.
FILE - In this June 13, 2012, file photo JPMorgan Chase CEO Jamie Dimon, head of the largest bank in the United States, testifies on Capitol Hill in Washington. The heads of some of the U.S.’ largest banks including Dimon will appear in front of Congress on Wednesday, April 10, 2019, for a hearing. Not a single major bank CEO expressed confidence that their successor would 'likely' be a female or person of color.MarketsInsider.
The CEOs were hauled in front of Congress for nearly seven hours to give testimony on a wide variety of issues. Participating in the hearings were the following CEOs:Bank of America CEO Brian MoynihanGreen then asked whether that scenario was likely to occur in the next 10 years, and the response was different. Five CEOs raised their hands while Dimon shrugged his shoulders in an indication that he had no idea.
For all the major banks in question, the CEO position is appointed by a vote the company's board of directors.
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