Critics are condemning JP Morgan boss Jamie Dimon for apologizing to China over a joke he made about the country’s communist regime, charging that the billionaire businessman is allowing China to censor Americans.
Dimon issued two groveling apologies Wednesday, just one day after saying his firm would outlast China’s Communist regime.
Speaking at Boston College on Tuesday, Dimon quipped: ‘I was just in Hong Kong and I made a joke that the Communist Party is celebrating its hundredth year. So is JP Morgan. I’d make a bet we last longer.’
‘I can’t say that in China. They probably are listening anyway,’ the 65-year-old banker added.
But in a sign that even the King of Wall Street is wary of Beijing, he has since apologized – twice.
His public expressions of remorse were concerning to some, including essayist Nassim Nicholas Taleb.
‘Apologies driven by fear (or economic interest) are not apologies, but genuine expressions of submission,’ Taleb tweeted.