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View the article online at http://citywire.co.uk/wealth-manager/article/a760073

JP Morgan boss Dimon diagnosed with throat cancer

by James Phillipps on Jul 03, 2014 at 08:08

JP Morgan chairman and CEO Jamie Dimon has revealed that he is suffering from throat cancer although it is said to be 'curable'.

Dimon's condition was revealed to staff through an internal memo with Dimon saying he will work through his treatment and that he plans to be at the bank for at least five years.

His openness won praise from Warren Buffett, who said Dimon got it 'just right' according to the FT. Buffet revealed that he had prostate cancer back in 2012, while Intel boss Andy Grove was also diagnosed while in the job.

Despite the potential problems of having a sick CEO at the helm, research by the Washington Post shows that Buffett and Grove's announcements barely moved their companies' share prices. Although Apple share price did get affected by news around former CEO Steve Job's health, it actually rose when he died in 2011.  

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