“This may be the most dangerous time the world has seen in decades,” JPMorgan CEO Jamie Dimon said in a statement that accompanied the bank’s recent earnings release.
The bank CEO isn’t the only corporate leader growing more worried about geopolitics, according to Frederick Kempe, CEO of the Atlantic Council.
Kempe said at CNBC Global Evolve on Thursday that many CEOs he talks with are increasingly worried about China, Russia and the Middle East. “Geopolitics is coming into the boardroom in a way it hasn’t in my lifetime.”
The United States is facing its fourth major inflection point in history since the early 20th century, and if world leaders get it wrong, the results could be similar to what occurred during the 1930s and ultimately led to World War II. That’s according to Frederick Kempe, CEO of foreign policy think tank Atlantic Council, and it is a fear he says more CEOs of major corporations are focused on today.
JPMorgan CEO Jamie Dimon recently warned, “This may be the most dangerous time the world has seen in decades.” According to Kempe, that’s a feeling shared in many corporate boardrooms.
“Every CEO, all the banks I am talking to, are factoring in geopolitics in their thinking in a way they didn’t five years ago,” Kempe said at the CNBC Global Evolve virtual summit on Thursday.
This shift has not happened suddenly with the outbreak of war in the Middle East between Israel and Hamas, Kempe said. It has been building over the past five years as a series of exogenous shocks have upended the status quo in markets.
