U.S. was not adequately prepared for the pandemic, says JPMorgan CEO Jamie Dimon [MarketWatch]
JP Morgan Chase & Co. (JPM)
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Source: MarketWatch
The U.S. was not adequately prepared for the current coronavirus pandemic and needs to address bad planning and management to better prepare for future ones, JPMorgan Chief Executive Jamie Dimon said Monday. In his annual letter to shareholders, Dimon said he hoped America will "roll up its sleeves" and start to attack its problems, including a costly health care system and unequal access to education, a litigation and regulatory system that cripples small business and ineffective infrastructure. "There should have been a pandemic playbook," he wrote. "Likewise, every problem I noted above should have detailed and nonpartisan solutions." Dimon took a detour from his usual annual letter, that tends to address issues of geopolitical importance and public policy issues, along with his views of the bank and its performance. "When the time is right and the future is clearer, I will provide a more complete and current view on how this crisis might change our strategies around how we run the
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JPM
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