JPMorgan chief to sell some of his company stock for first time
JPMorgan Chase Chief Executive Officer Jamie Dimon will sell part of his stake in the largest US bank next year for the first time in almost 18 years at the helm, the bank said on Friday. Billionaire Dimon and his family intend to sell 1 million of the 8.6 million shares they own, subject to the terms of a stock trading plan, the bank said in a regulatory filing. The sale would fetch nearly $141 million, with a remaining stake of about $1.07 billion, based on Thursday's closing price.
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