When Business Executives Become Reluctant Statesmen [The New York Times]
JP Morgan Chase & Co. (JPM)
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Source: The New York Times
How can we get out of this? That was the question repeatedly asked during a series of phone calls over the weekend by the biggest names in finance — Jamie Dimon of JPMorgan Chase, Larry Fink of BlackRock and Stephen Schwarzman of Blackstone — about how they could extricate themselves from a conference in Saudi Arabia they were scheduled attend next week. With the disappearance of the journalist Jamal Khashoggi and reports that he was murdered by Saudi agents sent to Turkey to kill and dismember him, the thought of appearing shoulder to shoulder with Crown Prince Mohammed bin Salman at an opulent event meant to symbolize the country’s reforms was considered untenable. The three executives considered their options, according to four people briefed on the conversations. Could they pressure Saudi Arabia to postpone the conference? That would be the best outcome, they figured. Would the collective threat of all three of them canceling their plans be enough? Or could they persua
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