• Jimmy Damon, CEO of Jpmorgan, insists on “There is nothing wrong with the dispute,While urging workers to get out of their neighborhood and challenge the current situation. This mentality will be more important than ever like Donald Trump’s disobedience tariff. campaign He sends global stock markets to turmoil. The Wall Street coach also shared management and advice errors in his last message to shareholders.

Staying in your neighborhood is a confirmed way to avoid entering into trouble. with There is no place in the workplace and Demobilization At the height, it may be more tempting than ever to keep your head down. But according to Jimmy Damon, “is a bureaucratic and stupid trend” – a mentality that will not make workers or employers in the current climate.

“Certainly do not remain in a lane,” the CEO of Jpmorgan Chase He wrote in his annual letter to shareholders Published Monday. “Our biggest mistakes happen when people think something is a problem, but they are afraid to raise it in the appropriate room where it may be provocative.”

“There is nothing wrong with the dispute.”

the Fortune 500 CEO said that every person in the workforce includes 320,000 people for his company responsible for the success of the $ 700 billion financial services company.

“You, separately, are responsible. You know more than you think,” said 69 -year -old.

He added: “I just ask you to sit and enjoy a little thinking about the stupid things that we do, and the bureaucratic things that we do.” “Do you have what you say? Do you want to add something? You want to check something? Do you think something that does not make sense? Please bring it. Many people remain in their neighborhood.”

In the end, he writes, “Self -satisfaction, arrogance, bureaucracy and BS Kill Companies.”

Damon’s invitation to external thinking and light movement was not more urgent. As it writes in the shareholders ’speech, companies must” move faster, better coordinate, and do things quickly “to move in the increasing uncertainty in definitions, interest rates and geopolitical tensions.

The world warns of the world of “Great disorder“Today’s decisions may be determined by companies that drown or swim.

Other management errors

Although Damon criticized the workers who remain in their neighborhood as a major cause of errors, he also called “sin” to other companies: storing information. In his annual rhetoric of the shareholders, Wall Street CEO, describing it as a “disease” that undermines success.

Damon shared an example of his first days as a CEO of one bank to clarify his point of view. During the visit of Louisville, a competitive branch across the street working from 9 am to 5 pm, while its bank hours were from 10 am to 4 pm

After quick scrutiny, Dimon Bank Bank, on average, discovered two hours less every day of competing banks – a competitive blind spot hidden in sight. The revelation sparked a company at the branch hours.

What I am amazed was not just an supervision – that he was “not” not a sales representative, not one branch manager, and not a single regional manager, and not a single boycott manager “may occur. The implications?

Other previous mistakes that the bank leader he made says include reducing the importance of cloud technology, leaving the wrong person in a job for a long time, and failed to “admit some signs of early risk.”

5 Administration advice from Jimmy Damon

Dimon has finished the “Learnings Management” section of its message with a series of tricks and tools, including writing your notes, and the meetings always give your full attention, and do not waste time re -read emails:

1. Be skeptical, but not sarcastically
   “While leaders should celebrate successes, it is still important to emphasize the negatives and focus on continuous improvement. Be skeptical but not sarcastically. Use management techniques that work.”
2. Write notes yourself
   “I am a great fan of this … Don’t let others always write [memos] for you. Likewise, when I ask someone a question, I want to hear directly from that person, not his boss in the series. If you call this person directly, I want to talk to them. And exchange all facts. Do not move the facts. The facts do not lie. “
3. Make meetings
   And moving to meetings, if needed, make it important. I always do before reading. I give it 100 % of my attention. I see people in meetings all the time getting notes and personal texts or reading emails. This should stop. It is not respected. Time is lost. “
4. Write your press data
   “If you are going to a meeting to provide a new product or service, write a press statement on this topic. This exercise forces you to answer many questions that people are likely to ask. When you write what you will say, it focuses on the mind and helps you explain things better.”
5. Email messages the procedure immediately
   “Work is more intelligent, no longer more. Don’t read the same email two or three times. Most of them can be treated immediately. Although all of this seems dangerous, it makes fun of the work. We spend the vast majority of waking hours at work – it is our interface to make it fun and fulfill.”

This story was originally shown on Fortune.com

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2025-04-07 16:21:00