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Jamie Dimon is sick of Zoom meetings and sees plenty of downsides to not working face to face with people.
The JPMorgan CEO said that he’s ready to leave video calls behind and get back into the office as soon as possible, in remarks at the The Wall Street Journal’s CEO Council Summit on Tuesday.
When the coronavirus pandemic forced JPMorgan employees — and many others — to work from home, it “accelerated a trend,” Dimon said.
“But it does not work for young people,” he added. “It doesn’t work for those who want to hustle.”
The Wall Street Journal’s editor-in-chief, Matt Murray, asked Dimon about his personal feelings on Zoom meetings and remote work.
“I’m about to cancel all my Zoom meetings … I’m done with it. I’m going to Boston today,” Dimon responded.
The CEO has spoken critically about remote work during the coronavirus pandemic, citing the need for a hybrid work model that’s flexible but still works for “the company and the clients.” He’s previously said simply letting everyone do “what they want” isn’t an option because it’s inefficient, and that he’s struggled at times to get ahold of employees.
Dimon told Murray that he had been attending outdoor meetings and traveling, and that in-person conversation is better for “spontaneous idea generation.”
Dimon has been having some in-person meetings, he said during the summit, all of them outside. He said in a trip to California about six months ago, he met with 100 to 150 people, from venture capitalists to women’s groups to investors.
“I got to see my bankers in action,” he added. He also mentioned in-person meetings with clients, often over a glass of wine, where they might share why JPMorgan did or did not get a piece of business.
Dimon said in the summit that “my view is that sometime in September …read more