Wall Street employees are contemplating their Christmas bonuses and considering their value within their firms. The potential departure of employees to join the Trump administration, particularly in high-profile roles like treasury secretary, is a significant concern.
Jamie Dimon, the CEO of JPMorgan Chase, has faced questions about his interest in public office, which highlights the potential impact his departure could have on the bank.
Shareholders of Apollo Global Management have expressed worries about the future leadership of Marc Rowan, who has played a crucial role in the firm's recent transformation. These discussions highlight the ongoing tension between private sector ambitions and public service, as major financial institutions assess the consequences of losing their top executives to government positions.