President Trump may not be out of the first term of his presidency yet, but there is speculation abounding for potential challengers to him in 2020. There is one who is operating under the radar as a possible challenger: J.P. Morgan Chase Chief Executive Officer (CEO) Jamie Dimon.

Reuters reports that Dimon is becoming “Corporate America’s shadow president” due to his frequent meetings with lawmakers over a wide array of issues beyond the scope of J.P. Morgan.

“Associates say he has been shocked by some of [President] Trump’s actions, such as abandoning the Paris climate accord, threats to tear up free trade deals, a call for a ban of transgender people from the military and ending a program that protects people who were brought into the United States illegally as children from deportation,” the Reuters report states.

Additionally, Dimon responded to Trump’s “both sides” comment on Charlottesville by issuing a memo stating, “It is a leader’s role, in business or government, to bring people together, not tear them apart.”

Here are some other issues Dimon has recently commented on:

• Issuing a statement opposing the nixing of the the Deferred Action for Childhood Arrivals (DACA) program: “America is and always has been a country of immigrants, and, when people come here to learn, work hard and give back to their communities, we should allow them to stay in the United States.”
• Expressing his frustration during a conference call that “it’s almost an embarrassment being an American citizen traveling around the world and listening to the stupid s— we have to deal with in this country.”
• Writing a letter to shareholders elaborating his opposition to Trump’s positions on immigration, climate change, NAFTA, China and defense spending.
• Issuing a memo reassuring his employees he stood with them when Trump issued his travel ban.

It is worth noting that Dimon does agree with Trump on some issues, most notably tax reform, and was even once being considered by Trump to be the Treasury Secretary of his administration. Dimon has donated to both Democrats and Republicans.

The Reuters report also states that Dimon chairs the Business Roundtable, an organization that lobbies on behalf of corporate CEOs, and quotes Tim Pawlenty, CEO of the Financial Services Roundtable, as saying: “If you’re Jamie Dimon, you’ve always had access. The difference is, now he wants it. He wants to play a role in policy more broadly than just representing his company.”

However, based on the Reuters report, it doesn’t appear that Dimon is leaving J.P. Morgan any time soon, so it’s purely speculative that Dimon could one day be a presidential candidate. But given his recent political advocacy and since virtually anyone can run for president these days, it’s worth keeping an eye on Dimon’s political activities.

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