Malcolm Gladwell says Jamie Dimon acting like ’11-year-old’: report

Malcolm Gladwell says Jamie Dimon acting like ’11-year-old’: report

Malcolm Gladwell is livid at JPMorgan Chase and its CEO Jamie Dimon over their dealing with of a heated dispute with the famed creator’s well-connected wealth supervisor, in line with a report Monday.

The monetary adviser, Gwen Campbell, has a roster of highly effective shoppers that features Gladwell and ex-baseball star-turned-entrepreneur Alex Rodriguez, The Monetary Occasions reported. Campbell has filed swimsuit in opposition to JPMorgan, alleging breach of contract and accusing co-workers inside its non-public financial institution of making an attempt to take over Rodriguez’s enterprise.

Gladwell personally penned a letter to Dimon in protection of Campbell – however the financial institution CEO didn’t reply and had different executives tackle his considerations. The annoyed best-selling creator then blasted Dimon in a scathing interview with FT.

“I believed he was imagined to be a statesman, Jamie Dimon. This is sort of a sport an 11-year-old would play,” Gladwell instructed the outlet. 

“Fairly aside from what he’s doing to Gwen, I’m a consumer. My life financial savings are with JPMorgan. My monetary adviser has been exiled like Napoleon on Elba. Is that the best way you deal with your shoppers? I’m small-fry however a whole lot of her shoppers will not be small-fry,” Gladwell added.

Malcolm Gladwell is publicly ripping Jamie Dimon.Brad Barket

Malcolm Gladwell accused Jamie Dimon of performing like an “11-year-old.”Bloomberg by way of Getty Photographs

Campbell has been employed at JPMorgan Advisors since 2020 and works out of San Francisco. Except for in search of damages by arbitration, she reportedly filed a grievance accusing the financial institution of gender discrimination.

“What JPMorgan is doing isn’t solely hurting Gwen however having a direct antagonistic influence on her shoppers that are JPMorgan’s shoppers. That is one thing that’s recognized by Jamie Dimon, and the board,” Campbell’s lawyer, Wigdor LLP companion Michael Willemin, instructed the Monetary Occasions.

When Gladwell emailed Dimon in a bid to resolve the dispute, he reportedly acquired a response from one other government who mentioned the financial institution couldn’t remark because of pending litigation however was “exploring” a response to the “points” Campbell raised.

Alex Rodriguez and Jennifer Lopez have been engaged on the time of the incident.Getty Photographs

“It simply strikes me that they’re torturing her,” Gladwell added within the interview with FT. “I don’t perceive why somebody would willingly make somebody’s life depressing for no motive.”

Gladwell was reportedly considered one of a number of shoppers who contacted the financial institution on Campbell’s behalf.

A JPMorgan spokeswoman instructed the FT that the financial institution was “placing important focus and investments” into JPMorgan Advisors. The spokeswoman added that JPMorgan has “set in place guidelines for conditions the place shoppers are served by a couple of line of enterprise.”

Alex Rodriguez’s hundreds of thousands are on the middle of a dispute between JPM and considered one of its wealth advisers.GC Photographs

“These guidelines enable us to deliver shoppers the experience they want whereas guaranteeing that they and our monetary professionals are handled pretty,” the spokeswoman added.

When reached by The Publish, JPMorgan Chase declined to additional touch upon the report.

Campbell was already managing hundreds of thousands of {dollars} for Rodriguez when she joined the financial institution. Nevertheless, Rodriguez was reportedly designated a shared consumer between her and the non-public financial institution, because the ex-baseball star had cash additionally had cash tied up with that division and had beforehand labored with the financial institution on a failed bid to purchase the New York Mets.

Wealth supervisor Gwen Campell claims JPM’s non-public financial institution reassigned Jennifer Lopez’s enterprise to get nearer to Alex Rodriguez.WireImage

The monetary adviser claims her colleagues within the non-public financial institution nonetheless tried to encroach on her relationship with Rodriguez – at one level offering him with a mortgage to assist fund his acquisition of a stake within the NBA’s Minnesota Timberwolves after Campbell mentioned JPMorgan Advisors wouldn’t again the request.

The financial institution additionally reassigned protection of superstar Jennifer Lopez – who was nonetheless engaged to Rodriguez on the time – to the identical bankers who dealt with his enterprise. The transfer was purportedly meant to assist safe extra of Rodriguez’s enterprise over time.

The Publish has reached out to reps for Rodriguez and Lopez for remark.

Gladwell isn’t one to shrink back from controversial public remarks. Earlier this yr, the “Outliers” creator sparked a web-based uproar after he ripped the pattern towards distant work as having a damaging influence on society.

About Muji Sakawari

Check Also

Jump on ,000 No Sweat bet on NFL Week 12

Jump on $1,000 No Sweat bet on NFL Week 12

Industrial content material. 21+. The FanDuel promo code permits new clients to say a risk-free $1,000 No Sweat First Guess. Click on the hyperlink to learn to declare your bonus [...]