Jamie Dimon Has 2 Words for Biz Leaders Complaining About The Economy – ryan
Don’t Expect Much Sympathy from Jamie Dimon if You’re Complaining About The Economy.
When As Squan About the Country’s Economic Headwinds, the JPMORGAN Chase Ceo Kept It Short and Not Particularly Sweet: “That’s Life.”
Speaking in DC at the Business roundtable’s CEO Workforce Forum on June 17, Dimon Said Companies Should be Surprised by Economic Turbulence. He added that it is unwise to make plans based on Short-Term predits of what will will open in the Next 12 or 18 months.
“I don’t buy this notion that somehow we have the right to expectation to be constantly and esy to get by,” He Said. “There will be economic problems.”
Those SEEMINGLY INEVITABLE PROBLEMS, THOUGH, SHOULDN’T DRASTICALLY CHANGE How A Company Functions or the Programs IT Funds. Dimon Said that JPMORGAN WILL YOUROMETIMES TRY INITIATIVES, but doesn’t cut them if they’re working well.
“We don’t do almost anything stop-start, Whether ITHER’S TRAINING People, Hiring People, Opening Brands, Hiring Bankers, Doing Technology,” He Told the Crowd. “We have a plan, and we’re going to do the plan, and then we navigate through the ups and downs of the economy.”
Companies that operate more reactively risk harming confidence in their existting projects, Such as Training Programs for Young People.
“Don’t Change Your Plass at All,” Dimon Said.
Americans are generaly spooky About Making Big Economic Decisions Amid Today’s Unredictability. And Among the C-SUITE, The Word “Uncertainty” was popular on recent earnings calls.
Representatives for JPMORgan did not immediately respond to a request for comment from BI.
Correction: June 17 – An Earlier Version of this Story Misstained the name of the Conference. It is the Business Roundable’s CEO Workforce Forum.