The Pipeline That Wasn't: What JPMorgan's Succession Fiasco Reveals About Wall Street's Blind Spots The announcement of Marianne Lake's retirement as CEO of JPMorgan's consumer and community banking after 25 years has sparked speculation about the bank's succession plans.
However, behind the scenes, a more nuanced story is unfolding – one that highlights the challenges facing women in leadership positions on Wall Street.
For years, JPMorgan touted its pipeline of female CEO candidates as a model for other banks to follow. Lake and Jennifer Piepszak were seen as the most likely successors to Jamie Dimon's throne.