Jimmy Damon, CEO of JPMorgan, says that he will remain the CEO for several years – and is considered “not divided this time” in the last city hall.
After a stormy municipal hall, where JP Morgan’s CEO addressed the employee frustration from the last return of the bank to work, Jimmy Damon granted the workers again on Thursday. This time, VIBE was larger, according to employees who saw the meeting, as DIMON dealt with issues including its future plans, the bank’s DEI program and the importance of artificial intelligence.
Damon, who is famous for his salty tongue, started a long meeting for about an hour with a joke. “No right this time,” said who produced laughing of 1,000 people who managed to get seats. The city hall was held at the Dallas Conference Center at the bank on the Plano campus, Texas. Unlike the previous city halls, the bank did not provide a link to the meeting, so the employees were unable to see it on the magnification. However, there were viewers in some external offices.
Damon, as it was in other city halls, took questions from the public. A person asked him, “Where did you see yourself five years ago?” – An inquiry that reflects how the successor of Damon, who was the CEO of the country’s largest bank for more than 19 years, is one of the hottest topics in Wall Street. Damon said on Thursday that he is planning to stay the CEO for a “other years”, then he will move to the position of president. After Jpmorgan, Damon said he wanted to work on a board of directors of a non -profit or charitable institution, according to the people who watched the meeting.
He was also asked about artificial intelligence. Damon expected that technology will be the “next big thing”, like the Internet and computers. Damon has long warned that artificial intelligence would replace jobs in various sectors, while facilitating some roles. When asked about the economy, Damon said that inflationary pressures were a source of concern, but other issues, such as deficit, were more important.
On Thursday, JPMorgan Chase Chase Dimon presented a “Challenge currency”, a code Estimating what the bank and the CEO of the old warriors did. A spokesman said that JPMorgan rented the employee, who had no certificate or experience in companies, in 2013. The employee is now a banker in the medium market at JPM commercial and investment bank. (The employee received the coin from Admiral Michael Moulin, the former US President of the Joint Chiefs of Staff.)
In 2011, JPMorgan Chase and 10 other companies pledged to employ 100,000 warriors. The program has since evolved to more than 315 companies that form part of The mission of veteran jobsThat rented more than 900,000 veterans and their military husbands. Jpmorgan Chase is a founding member of the veteran job mission.
Change the name Dei
Damon also reaffirmed the bank’s commitment to the bank’s diversity and prepare shares and integration, even with other large companies such as Amazon and Target a decline or removal of their Dei programs. But after one day, JPMorgan Chase made changes to its policies in this regard
Jennifer Piepszak, Director of Operations at Jpmorgan Chase, sent a Friday note telling employees that the bank was changing the name of the program to Doi, which is due to diversity, opportunities and inclusion. Pepsak said that “E” in Dei always means “equal opportunities for us, not equal results.” The bank is also planning to reduce “training”, in reference to the classes that have alleged to teach workers how to act with respect towards various minorities, including racist and transgender employees. The training courses were not a large part of life in JPMorgan, but “people’s ignorance was sent and the company was better for that,” said a third employee, who did not see the city hall,. luck. (All the sources mentioned in this story were verified, which refused to speak on the record for fear of revenge luck).
Pepsak said in the memo that he was looking before luck.
What rto?
Plano Hall comes only for weeks since the February meeting, when Damon made a shout full of protection after he was asked about returning to the office’s policy changes. Earlier this month, JPMorgan Chase began to claim all of this 317,233 Employees to return to the office full time five days a week. About 40 % were working on a three-day hybrid-week-old hybrid schedule-during the Covid-19 pandem Seam Damon invited to keep the hybrid work model that the bank has used for years. JPMorgan Chase also faces a batch of a union between some workers.
JPMorgan Chase RTO was mentioned during the meeting. Damon, like many Fortune 500 executives, is a supporter to return to the office, believing that it enhances innovation, job development and cooperation. On Thursday, Damon once again said he believed that young people benefit more than personal interactions.
There were some logistical hiccups with the offering of the bank’s return to work. Some employees complained about the absence of intermittent Wi -Fi offices and service, Fortune said. The CEO admitted that some of the buildings on the Dallas Fort Work campus were ready for workers while others were not. In his opinion, the facilities team was “doing a good job.”
This story was originally shown on Fortune.com
