Jamie Dimon, the CEO of JPMorgan Chase & Co. (NYSE:JPM), has expressed his support for a merit-based immigration system in the U.S. amid President Donald Trump‘s $100,000 H-1B visa fee.
Dimon Calls Trump’s H-1B Move ‘Off-Guard’, Urges Merit-Based System
Dimon, in a conversation with CNBC TV18 in India, stated that Trump’s H1-B visa announcement caught him “off-guard.”
“…we had a lot of phone calls over the weekend that what does it mean? said Dimon, speaking about the initial confusion over a one-time charge or an annual charge for the visas.
However, he voiced his belief in a “merit-based immigration” system. He commended the President’s focus on border control, but also urged him to consider “good immigration”, reported CNBC on Monday. “I would beg the President,” added Dimon.
Dimon also expressed his agreement with Trump’s public statements on more merit-based immigration, the continuation of the DACA program, and the granting of green cards to foreign students who graduate in the U.S.