JPMorgan CEO withdraws from Saudi conference

JPMorgan CEO withdraws from Saudi conference
© Greg Nash

JPMorgan Chase CEO Jamie Dimon is withdrawing from the upcoming investment conference in Saudi Arabia amid the disappearance of Saudi journalist Jamal Khashoggi, according to CNBC.

Dimon's announcement comes hours after Ford Motor Chairman Bill Ford also said he will not be attending the conference, dubbed "Davos in the Desert." 

Turkish authorities say killers working on behalf of the Saudi government murdered Khashoggi in the Saudi consulate in Istanbul on Oct. 2. Khashoggi was last seen entering the consulate and has not been heard from since.


Multiple top executives and media companies have pulled out from the Oct. 23-25 Future Investment Initiative conference in Riyadh, Saudi Arabia, which is supposed to highlight the kingdom's place in the global market. 

Neither Ford nor Dimon said specifically whether they pulled out over the Washington Post contributor's disappearance. Multiple media companies, including CNBC, Financial Times, CNN and The New York Times, were more explicit in pointing to Khashoggi's disappearance to explain why they were not attending.

The Saudis have denied any involvement in Khashoggi's disappearance, but multiple lawmakers have said all the evidence points to Riyadh.

U.S. intelligence indicates Crown Prince Muhammed Bin Salman was planning to lure Khashoggi back to his native Saudi Arabia in order to detain him. 

Turkish and Saudi authorities are currently investigating the incident. 

President TrumpDonald John TrumpTrump to oust Nielsen as early as this week: report California wildfire becomes deadliest in state’s history Sinema’s Senate win cheered by LGBTQ groups MORE during an interview on CBS's "60 Minutes" said Saudi Arabia would be "severely punished" if it was involved in killing Khashoggi, but declined to say if the U.S. would pull back from its arms deal with the Saudis.

Khashoggi contributed to The Washington Post's opinions section, sometimes writing critically of the Saudi government. 

"I’m terribly distressed by the disappearance of journalist Jamal Khashoggi and reports of his murder," CNBC's Aaron Ross Sorkin wrote on Twitter last week. "I will no longer be participating in the Future Investment Initiative in Riyadh." 

The head of the International Monetary Fund, Christine Lagarde, and U.S. Treasury Secretary Steven MnuchinSteven Terner MnuchinTrade discussions resume between US, China On The Money: Waters will soon wield gavel in feud with White House | McHenry announces bid for Financial Services ranking member | Fed keeps rates steady in November Maxine Waters will soon wield gavel in feud with White House MORE have both said they are still planning to attend the Future Investment Initiative conference, according to CNBC.