Is it better that companies be
publicly or privately held? Such a question is of such magnitude that glossy,
simplistic answers should be eschewed. This is not to say that the answer is
situational in nature. Rather, it is more likely that each comes with pluses
and minuses from the perspective of an economic system as a whole. As business “leaders”
give their advice, it is important to keep in mind whether any personal or
institutional conflicts of interest exist and thus could warp the space itself
of the advice. Yes, I am intimating Einstein’s theory of general relativity
here. Rather than provide an answer without having studied the matter
sufficiently, I will provide a way to look at the advice given by Jamie Dimon,
CEO of JPMorgan Chase.