Posted on 06/26/2026 4:09:35 AM PDT by DFG
Frank Bisignano wants to run the Internal Revenue Service like an efficient private company – and this week he hired Jamie Dimon’s private banker to help him do just that, On The Money has learned.
Vince La Padula has spent the past 23 years at JPMorgan running something called the “workplace solutions” business in the big bank’s wealth management arm. Now, he’s joining Uncle Sam’s tax collection agency as Bisignano’s No. 2.
La Padula’s resume includes stints in New York City government under Rudy Giuliani and Mike Bloomberg. At JPM, he was also the bank’s point man on Ukraine and its efforts to build a post-war economy.
But La Padula was also, in a sense, Dimon’s own personal banker, handling his estate planning and investment needs as a key lieutenant of Mary Erdoes, the head of JPM’s asset and wealth management division.
Starting next week, he will take a still-undefined senior role at the IRS, essentially serving as Bisignano’s No. 2, an interesting move for the nation’s largest and most prestigious bank to a notoriously bureaucratic (and much hated) government agency.
The Trump White House is looking to change all of that, I am told. The goal is to remake the IRS from an obnoxious tax collector and issuer of dreaded audits to something more taxpayer friendly.
That’s where Bisignano comes in. A longtime corporate CEO and himself a former JPM top executive, he was hired by president Trump and Treasury Secretary Scott Bessent as the IRS’s first “chief executive officer,” a title worth noting. In the past, the IRS was run by commissioners, mainly bean-counting political types appointed by the president and confirmed by the Senate.
(Excerpt) Read more at nypost.com ...
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Commissioner, not CEO.
“The IRS is led by the Commissioner and Chief Executive Officer who oversee the organization’s operating divisions and integrated support functions.”
https://www.irs.gov/about-irs/irs-organization
From AI:
“The IRS has a CEO because the Treasury Department administratively created the position to manage the agency’s day-to-day operations and bypass the lengthy Senate confirmation process required for a traditional Commissioner.
The primary reasons and context for this structure include:
Executive Appointment: The CEO title was created to install leadership quickly after the agency cycled through multiple acting commissioners and faced high turnover.
Dual Leadership: Treasury Secretary Scott Bessent (who also serves as the Acting IRS Commissioner) appointed Frank Bisignano—who also serves as the Commissioner of the Social Security Administration—to run day-to-day IRS operations.
Private-Sector Focus: Officials stated the role was designed to bring private-sector management efficiency, better customer service, and modernization to the agency’s complex bureaucracy.”
Wow, didn’t know that, thanks! Thought it was confusion over corp vs gov.
Just more hands in the pot, and less for the people that have paid into the system their whole lives. Big bank crooks, just what we need, more crooks .
It would be more friendly if it didn't exist.
Collecting taxes is not really what the IRS is about. The IRS's real purpose is creating political power.
The tax code defines who and how much people are taxed.
Rich people want to keep their money. Rich people are willing to spend a little money to keep a lot of money.
Rich people hire connected people to bribe (campaign contributions) politicians to write tax code to let them keep their money and to take the money of their competition.
The IRS is one end of the Pushme-PullYu that is the Federal Government. The other end is Federal Spending. Both are all about power. It is not about doing things for The People.
Would you prefer a DEI hire bureaucrat to have the position?
EC
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