The great-man theory of Wall Street

At this time of yr, as they await their Christmas bonuses, individuals on Wall Road ponder their value. Two questions can sharpen the thoughts of even probably the most senior worker. Think about first accepting a place in Donald Trump’s new administration. How nice a monetary loss would your employer undergo? Earlier than Mr Trump picked Scott Bessent as his treasury secretary, two of America’s largest monetary establishments weighed that query. Analysts quizzed Jamie Dimon, the boss of JPMorgan Chase, about whether or not he would go away the financial institution for public workplace. Shareholders of Apollo apprehensive a couple of future with out Marc Rowan, who has remodeled the funding agency in recent times.