DIMON TO REMAIN INVOLVED AT JPMORGAN DESPITE CANCER TREATMENT

JPMorgan Chief Executive Officer Jamie Dimon plans to be involved running the bank at a less intense pace as he fights throat cancer and said that the company is prepared for 'all scenarios'.

Bloomberg News reports that doctors told him he will need to rest after he undergoes radiation and chemotherapy, a treatment that is expected to take about eight weeks, he said today on a conference call with journalists. He said he will continue to spend time in his office and take phone calls.

The plan is 'to take it easy', Dimon said. 'It doesn’t mean not to work at all, but to focus on my health'.

Dimon, 58, raised fresh questions about succession planning at the New York-based bank when he announced the diagnosis July 1. He said today that Lee Raymond, the company’s lead director, is available if managers need guidance while Dimon is unavailable and that the board already had protocols in place for succession planning.

'We are fortunate enough to have an exceptional group of executives', Dimon said in a separate conference call with analysts. 'I think that many of them can run a major financial company, and the board feels the same way'.

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Dimon Says JPMorgan Prepared for All Scenarios Amid Cancer Fight