By Alexander Osipovich
JPMorgan Chase named tech billionaires Jeff Bezos and Michael Dell, plus an all-star cast of retired generals and politicians, for advice on plans to invest up to $10 billion of its own capital in companies deemed critical to national security.
The following business leaders will join the advisory council for JPMorgan's "Security and Resiliency Initiative", the bank said Monday:
-- Jeff Bezos, executive chairman of Amazon
-- Todd Combs, a longtime investment manager at Warren Buffett's Berkshire Hathaway who was appointed Monday to lead the initiative's strategic investment group
-- Michael Dell, chairman and Chief Executive of Dell Technologies
-- Jim Farley, president and CEO of Ford
-- Alex Gorsky, former chairman and CEO of Johnson & Johnson
-- Phebe Novakovic, chairman and CEO of defense contractor General Dynamics
Some big names from the political and national-security arenas are also set to join:
-- Chris Cavoli, retured general and former supreme allied commander for Europe
-- Ann Dunwoody, retired Army general
-- Robert Gates, former secretary of defense
-- Paul Nakasone, former director of the National Security Agency
-- Condoleezza Rice, former secretary of state
-- Paul Ryan, former speaker of the House of Representatives
JPMorgan unveiled the SRI initiative in October, helping align the bank with President Trump's "America first" policies. As part of the initiative, JPMorgan has said it could take stakes in defense contractors, mineral manufacturers and artificial-intelligence firms.
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(END) Dow Jones Newswires
December 08, 2025 08:03 ET (13:03 GMT)
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