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Deposition Transcripts · Segments · #10091
id
10091
deposition id
17
segment index
11
speaker
Page 12
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end seconds
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seemed like it was time to move on from J.P. Morgan. Q Why is that? A I don't know the actual reason. I think there was a period of time where the general thought at Morgan was that the successor to the CEO probably needed to come from the Investment Bank, given its uniqueness and size. And so I think who occupied that role generally was considered a potential successor to the CEO. And I think the bank made the decision that I would not be the successor to the then-CEO, and therefore it was time to step down from the Investment Bank. Q Did they communicate the reason why they thought you were not an appropriate successor? A No. Q Did you ever hear from anyone else why they thought you would not be an appropriate successor? A No. Q Do you believe it was because of your affiliation with Mr. Epstein? A No. Q Do you still hold a role at J.P. Morgan? A No. Q When did you leave J.P. Morgan's orbit entirely? A 2013. Q What was the smaller role you held? A I think I was made chairman of the Investment Bank, which is a much less role than the CEO. Q Did anyone ask you to leave J.P. Morgan? A No, but the implication of the lesser role was it was probably time to move on. Q Did you reach any agreement with J.P. Morgan on your departure about rules you would