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Fresh questions over JP Morgan succession as boss Jamie Dimon recovers from heart surgery

JP Morgan’s main executive Jamie Dimon is recovering from crisis heart surgery – shining a spotlight on the bank’s succession options, with a British executive among the frontrunners to switch him.

Mr Dimon experienced a tear in his heart’s primary artery, which was detected early and addressed effectively, JP Morgan explained.

The 63-year-outdated has run the bank considering the fact that 2005, and is the very last Wall Street boss standing from in advance of the money crisis. He is explained to be awake, alert and recovering nicely. JP Morgan did not say the place he is being addressed.

The

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Former General Electric boss Jack Welch dies at 84

Jack Welch, the famous chief executive of General Electric who turned it into a enterprise really worth extra than $400bn, has died aged of 84. 

All through the two many years that he ran the US conglomerate, Mr Welch produced it into the world’s 2nd most important firm following Microsoft – presiding over a inventory surge of practically three,000pc.

The previous GE boss’s blunt fashion and endless cost chopping acquired him the moniker “Neutron Jack”. He also mentored protégés who went on to run some of the world’s very best-identified organizations and was named “Manager of the Century” by Fortune

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