“If things go from bad to worse, with a recession resulting in higher unemployment—and therefore more loan losses and credit card delinquencies—then expect Dimon and his team to do whatever it takes. That’s the attitude that Dimon brought to Bank… — Patricia Crisafulli Copy Share Image
“From his office on the 48th floor, Dimon makes the rounds every day to committee members who are in New York, stopping by for conversations lasting three or four minutes. Those outside New York are apt to get a short phone call. Although Dimon uses electronic communication, his preferred mode is personal and when possible face-to-face. He doesn’t waste time,… — Patricia Crisafulli Copy Share
“Three of his greatest characteristics are he’s really smart, he has tremendous energy, and he’ll get into the details with anybody on anything. Most people who get to the level that he is at are prone to be superficial when it comes to running the business; they don’t have enough time or energy to get into the details,” observed Harvard… — Patricia Crisafulli Copy Share
“the first thing is that a leader needs to be able to assemble and have a disciplined team. That discipline supports the whole team.… — Patricia Crisafulli Copy Share Image
“When information doesn’t flow, bureaucracy builds and departments become siloed. Stagnation is the inevitable result. “Bigger companies are always slowing down. Bureaucracy is always growing. Corporate headquarters becomes too self-important,” Dimon says. “What you’ve got to do is always have a sense of urgency; always kill the bureaucracy. Make sure that everyone in corporate headquarters knows that they’re there because… — Patricia Crisafulli Copy Share
“When information doesn’t flow, bureaucracy builds and departments become siloed. Stagnation is the inevitable result.” — Patricia Crisafulli Copy Share Image
“I don’t always do it, but I like to do it in some cases. I have to decide when to do it.” — Patricia Crisafulli Copy Share Image
“If you are going to work with Jamie, do what you say you are going to do. The people he attracts and, more importantly,… — Patricia Crisafulli Copy Share Image
“On the last Saturday of every month, Rwanda goes to work for itself: clearing land, building classrooms, making roads. On these national days of… — Patricia Crisafulli Copy Share Image
“You really try to evaluate the risks and provide for them. Whether it’s going to be a pleasant or unpleasant surprise, you try to… — Patricia Crisafulli Copy Share Image
“Dimon is known for bringing his brand of discipline and accountability to JPMorgan Chase,” — Patricia Crisafulli Copy Share Image
“The escalation of home prices that had allowed refinancing to pay off more debt had stopped. With a decline in housing prices, overleveraged borrowers… — Patricia Crisafulli Copy Share Image
“having a strong balance sheet, making sure the right leaders are in place, and keeping costs in line as some of Dimon’s other management… — Patricia Crisafulli Copy Share Image
