Here at the Business Insider, we have long suspected that one of the reason’s Jamie Dimon doesn’t inspire the same venom from Main Street that say, Lloyd Blankfein does, is because, let’s face it, JD is kind of hot.
And Graydon Carter agrees.
Here is how the Vanity Fair Editor-In-Chief begins his editor letter in the magazine’s April issue:
JPMorgan Chase C.E.O. Jamie Dimon is tall. He’s fit. For a banker, he’s nice-looking. And he’s got that head of fluffy white, unbankerish hair.
You could argue that Dimon’s single greatest asset is that he doesn’t look like Dick Fuld. Fuld, the former C.E.O. of Lehman Brothers, is a virtual Thomas Nast caricature of the venal banker; all that is missing is the stovepipe hat and the mustache-twirling.
In fact, Carter is convinced that Fuld’s last few years were certainly made more brutal because of his physiognomy. While the easy-on-the-eyes Dimon, “because of his looks… has probably had too easy a ride.”
But it’s not just Jamie’s physical characteristics that the Vanity Fair chief lauds — he describes the JP Morgan chief as “the Martin Luther King Jr. of the overdog.”
But like any Dimon-watcher, Carter’s fandom of the fluffy white hair and puppy dog eyes, sits uncomfortably besides the fact that even though he doesn’t look like one, Dimon is a banker. A proud banker at that.
In fact the Vanity Fair editor (also, a fluffy-white-haired power player) even thought JD was having a joke at Davos when he said he was sick of the “this constant refrain—bankers, bankers, bankers…. We try to do the best we can every day.”
In the bank’s defence, it’s not as if JPMorgan Chase was involved in the signature crime of the Great Recession, the vast Bernie Madoff fraud. Oh, wait, it was involved. Deeply involved. Monumentally involved… Irving Picard, charged in a 114-page complaint that JPMorgan was at the “very centre” of the criminal enterprise… that executives at the bank, including senior officers, continually ignored internal warnings about the swindle, thereby “allowing the Ponzi scheme to continue unabated for years.”