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Date: 2024-09-10 Page is: DBtxt001.php txt00022319
BANKING
JPMORGAN-CHASE

Bloomberg interview: JPMorgan CEO Dimon on Fed, Energy Policy, Ukraine War


Original article: https://www.youtube.com/watch?v=Q-5US4J03Wo
Burgess COMMENTARY
I am not a fan of banks and bankers, but this Bloomberg interview substantially improved my view of Jamie Dimon, the CEO of JP Morgan Chase.

The flexible alternative framing used by Dimon throughout the interview was very refreshing. It was in stark contrast to the Bloomberg moderator who seemed to want simplistic responses (arguably to make news ... a huge weakness in modern media).

I am reminded of my own approach to corporate planning that I used during my active career. My position was that our plans should enable us to have a success no matter what issues we had to face. We were working internationally in many areas where stability was almost completely absent. We tried to understand ALL the risks, and to have plans no matter what happened. We tried to choose the best balance between profit and risk ... more an art than a science ... but most business schools don't seem to teach this sort of planning as a dynamic ever changing landscape but much more as something static than can be optimized mathematically !!!!!!!!!
Peter Burgess
JPMorgan CEO Dimon on Fed, Energy Policy, Ukraine War

112,565 views

May 4, 2022

Bloomberg Markets and Finance

1.25M subscribers JPMorgan Chase Chairman and CEO Jamie Dimon discusses Federal Reserve policy, the need for investments in energy sourcing and distribution, and the impact of the war in Ukraine on global economic growth. He speaks with Bloomberg's Francine Lacqua on 'Bloomberg Surveillance.'

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