JPMorgan Chase CEO warns of New York corporate ‘exodus’ over high taxes
(JNS) — Jamie Dimon, CEO of JPMorgan Chase & Co., is warning of an “exodus of people and jobs” from New York City due to high city and state corporate taxes, and individual income and state taxes.
In his annual letter to shareholders released on Monday, Dimon, 70, wrote that JPMorgan Chase, which was formed in December 2000 with roots traced back to the Manhattan Company founded in 1799, has “shrunk our headcount in the city, from 30,000 a decade ago to 24,000 today, and increased our headcount in Texas, from 26,000 in 201...
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