JPMorgan CEO Has Throat Cancer

Jamie Dimon says prognosis is 'excellent'

By Rob Quinn,  Newser Staff

Posted Jul 2, 2014 2:06 AM CDT

(Newser) – JPMorgan Chase chief Jamie Dimon says he has been diagnosed with throat cancer—but it was caught early and he will be able to keep working while he is being treated. The 58-year-old CEO has told colleagues and shareholders that he will limit his travel during the eight weeks he is receiving radiation and chemotherapy treatment, but business will continue as usual, reports the Wall Street Journal. Dimon says his prognosis is "excellent" and the cancer is confined to his throat and the lymph nodes on the right side of his neck.

"I feel very good now and will let all of you know if my health situation changes," wrote Dimon, who has just marked his 10-year anniversary with the bank. Several top executives have recently left JPMorgan and it's not clear who would take charge if Dimon was forced to step down, but the bank says plans were in place even before the CEO's diagnosis, the New York Times reports. The bank "had already established a short-term, medium-term, and longer-term succession plan," a spokesman says.

JPMorgan Chase & Co. Chief Executive Officer James Dimon testifies before the House Financial Services Committee.   (AP Photo/Haraz N. Ghanbari)
James Dimon, chairman and CEO of JPMorgan Chase & Co., speaks at a Crain's New York Business forum in 2009.   (AP Photo/Mark Lennihan, file)
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