The wise JPMorgan Chase CEO Jamie Dimon saw the future in Riyadh and it wasn't pretty.
The Future Investment Initiative summit in Riyadh, Saudi Arabia, is known as the Davos of the Desert. But whether the view is dunes or Alps, this is not exactly an ideal moment for schmoozing or noodling esoteric big ideas. Not with the world in crisis and widespread fears of an escalating crisis on multiple fronts in the Middle East.
“I hear people talking about ESG all the time,” Dimon said Tuesday, referencing corporate environmental, social and governance strategies. “I just would put on your table the most serious thing facing mankind is nuclear proliferation. If we’re not sitting here 100 years from now, it will be nuclear proliferation. It’s not our climate.” Precisely. We might have said nuclear use rather than proliferation, but Dimon’s point was well made.
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