JPMorgan Chase CEO Jamie Dimon says conferences maintain again an organization — but when they should occur, there are particular methods leaders ought to observe to maximise productiveness.
In his annual letter to shareholders launched on Monday, Dimon acknowledged CEOs ought to “kill conferences” as a result of they’re an “instance of what slows us down.” If conferences occur, they need to begin and finish on time, the JPMorgan CEO wrote, and a set individual ought to lead them.
Dimon additionally acknowledged that conferences ought to “at all times” begin with a set goal and finish with a follow-up listing of factors to think about transferring ahead. Solely individuals who must be on the assembly ought to attend.
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As well as, there should not be a “assembly after the assembly” the place an government privately says one thing to Dimon that he could not say in entrance of the group.
“That is not acceptable,” Dimon wrote. “Do not trouble… Be clear along with your colleagues.”
Dimon acknowledged that earlier than the assembly, attendees ought to put together by doing any pre-reading and giving the fabric “100%” of their consideration. When speaking throughout conferences, Dimon suggested towards utilizing jargon, stating as a substitute that he prefers to maintain the language easy.
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In the course of the assembly, he says to be current and switch off notifications.
“I see folks in conferences on a regular basis who’re getting notifications and private texts or who’re studying emails,” Dimon wrote. “This has to cease. It is disrespectful. It wastes time.”
JPMorgan CEO Jamie Dimon. Picture Credit score: Al Drago/Bloomberg by way of Getty Photos
Dimon has beforehand talked about his frustration with conferences.
In a leaked city corridor in February, Dimon mentioned that distant workers have been checking their notifications at a latest assembly whereas he was talking. He informed the identical story in an interview final month with the Stanford Graduate Faculty of Enterprise.
In final yr’s shareholder letter, Dimon mentioned that the annual shareholder assembly has “devolved into principally a showcase of grandstanding” and “spiraling frivolousness.”
Dimon’s 58-page shareholder letter additionally touched on administration ideas, like treating folks at each stage with respect, and JPMorgan’s achievements in 2024, like servicing over 775,000 small enterprise homeowners in Texas.
JPMorgan is value round $700 billion and employs 320,000 folks, Dimon wrote within the letter. Dimon has been CEO of the financial institution since 2006.
