Dimon criticizes rules preventing banks from hiring foreigners

05/20/2009 | Financial Times (subscription required)

At JPMorgan Chase's annual shareholder meeting, CEO Jamie Dimon warned that overseas governments might follow the lead of the U.S. in keeping domestic banks from hiring foreign workers. Dimon called the rules, which apply to financial institutions that received state aid, a "complete and utter disgrace." "We should be able to go to colleges and give jobs to kids without regard to where they were born," Dimon said. "The worst thing that can happen ... is that foreign governments will tell Americans they cannot have jobs over there."

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