Daily Archives: July 5, 2014

Jamie Dimon’s cancer possibly from HPV, doctor says

Well, well, well..

When a young Jamie Dimon started his banking career in the early 1980s — after Sandy Weill wooed him to join American Express to have “more fun”— he was fond of bumming cigarettes from his colleagues.

Now 58, the chairman and chief executive of JPMorgan Chase is facing an unspecified but “curable” kind of throat cancer, and eight weeks of radiation treatment and chemotherapy.

Mary Erdoes, the CEO of the bank’s asset management group; Matt Zames, the bank’s chief operating officer; Gordon Smith, head of consumer banking; and Daniel Pinto, who runs the investment bank, are seen as the most likely successors, insiders told The Post.

Dimon never bought a pack of smokes in his life, according to a person directly familiar with his thinking.

And since the early ’80s, Dimon has traded his cigs and nicotine for aerobics, regular jogs and 5:30 a.m. visits to the gym.

Dimon, in a letter to investors and shareholders on Tuesday evening, revealed he’s been diagnosed with a curable throat cancer that hasn’t spread past a nearby lymph node.

The bank boss said he doesn’t expect to skip work while getting treatment through the rest of the summer.

Smoking, drinking hard alcohol and human papillomavirus are the main causes of most types of throat cancer, said Dr. Ping Gu, an oncologist at NYU Langone Medical Center.

Read on.

What do certain Founding Fathers and a US President have in common with the July 4 date?

In a remarkable coincidence, both John Adams and Thomas Jefferson, the only signers of the Declaration of Independence later to serve as Presidents of the United States, died on the same day: July 4, 1826, which was the 50th anniversary of the Declaration. Another Founding Father who became a President and not a signer of the Declaration of Independence, James Monroe, died on July 4, 1831. Calvin Coolidge, the 30th President, was born on July 4, 1872, and, so far, is the only President to have been born on Independence Day.

House committee opposes turning over SEC documents for insider trading probe

lol Man, the legislative branch has become the biggest joke. Now, Congress wants to exercise a separation of powers between themselves and the government agency to protect their own and their own staffers from prosecution. How ironic that this is the same legislative branch that accuse Attorney General Holder of withholding documents in the Fast and Furious case and demand more documents, demand missing IRS emails from former IRS director Lois Lerner and accuse her withholding information, accuse the White House of withholding information in the connection in the Benghazi scandal and so on. But, when it comes to Congress, they feel that they are untouched whereas the executive branch and judicial branch are not. It’s called do as I say do but not as I do. I say to the SEC to charge the committee with obstruction of justice.

(Reuters) – A U.S. House of Representatives panel said on Friday it should not have to comply with a federal regulator’s demand for documents sought for an insider-trading probe involving the staff director of a subcommittee and a lobbyist.

The House Ways and Means Committee argued in a court filing that U.S. District Judge Paul Gardephe in New York should deny the Securities and Exchange Commission’s attempt to subpoena documents from the committee and its healthcare subcommittee staff director Brian Sutter.

The SEC went to court June 20 to enforce subpoenas it issued as it sought information related to a probe into whether Sutter leaked material nonpublic information about Medicare reimbursement rates to Mark Hayes, a lobbyist at Greenberg Traurig LLP.

The committee’s filing called the SEC subpoena “a remarkable fishing expedition for congressional records.” It said the U.S. Constitution shields the panel and Sutter from being compelled to testify or produce documents.

Read on.