1. Jamie Dimon: Most Influential Quotes
  2. Jamie Dimon: Early Life and Education
  3. Jamie Dimon: Success Story
  4. Jamie Dimon: Net Worth & Current Influence
  5. Jamie Dimon: Most Influential Quotes

Usually when someone gets to be as influential as JPMorgan Chase & Co. (JPM) CEO Jamie Dimon, he starts to watch his words, ever mindful that people are listening and that every word can be scrutinized for hidden meaning. For Dimon however, fame hasn’t stopped him from speaking his mind and being as honest as possible.

“If I grow earnings and the branches are expanding, and I provide a lot of jobs, that’s what really matters. The rest is BS.”

Context: Dimon is not one to play golf or attend charity dinners. While CEO of Bank One in Chicago, he refused to do as the other CEOs did and the business society felt he wasn’t performing a part of his job.

“If management ruined their companies, their boards should have been fired, management should have been fired, [...] I support the clawbacks. I think that’s perfectly fine. The American public would have received some sense of justice being done. [...] If you said to me, how do I feel about some of these CEOs who walked away with $50, $100, $150 million and their company blew up? Terrible. It’s outrageous. I agree with them. Everyone says that’s bad. If this company went bankrupt, we should all give back the money we earned in the last five years or more. You wouldn’t have to ask me.”

Context: Dimon is talking about how all of the banks that took Troubled Asset Relief Program (TARP) money were vilified in the media and he agrees that some banks are too large and can be detrimental to the economy. He continues on to explain that he found it horrible that executives got huge salaries while their firms were going bankrupt. (See also: When Wall Street Loses, CEOs Still Win.)

"I just took out that old white pad: Maybe I want to be an investor. Maybe I want to be a teacher. Maybe I want to write books. Maybe I want to stay home and be with my kids when they're growing up. I thought about all of that, and I was very open-minded about it, and what I came to is: My craft is financial services. Right or wrong, that's what I know, and I'm pretty good at it."

Context: In a February 2002 interview, Dimon reflects on his 18-month period of unemployment and provides helpful advice to all of us: figure out what you like doing and what you’re good at doing and then pursue that thing with all the confidence you have.

All told, Dimon’s advice would be to be yourself and don’t worry about the status quo.


Jamie Dimon: Early Life and Education
Related Articles
  1. Insights

    Jamie Dimon's Success Story: Net Worth, Education & Top Quotes (C, JPM)

    Learn how Jamie Dimon did not waste time making a mark in the family business by creating one of the most successful financial careers of all time.
  2. Insights

    Why Jamie Dimon Wants to Save Italy's Banks (JPM)

    The question is how much Dimon can deepen JPMorgan's ties with Italy's troubled banks without risking large losses
  3. Insights

    Jamie Dimon to Raise Pay of 18,000 Employees (JPM, SBUX)

    Jamie Dimon said he will raise the wages of 18,000 lower tier workers over the next three years
  4. Investing

    JP Morgan Chase's Dimon Resists Treasury Role (JPM)

    Jamie Dimon wants to see Dodd-Frank minimized or repealed, but thinks U.S. banking system's strength gives it a competitive advantage.
  5. Insights

    2 Books Jamie Dimon Is Reading (JPM)

    Jamie Dimon, CEO of JPMorgan Chase & Company, is reading two books that detail how to create an America that can recover from an economic crisis.
  6. Investing

    Brexit Deal Needed, or Bankers Leave London: Jamie Dimon

    JPM and French banks look to move finance jobs out of London if markets remain unstable.
  7. Investing

    Dimon: JPMorgan Chase Might Pay Special Dividend

    Might JPMorgan Chase (NYSE: JPM) shareholders be getting an unexpected gift from the big bank this holiday season? Speaking at an investor conference, CEO Jamie Dimon said that it may consider ...
Frequently Asked Questions
  1. Can I fund a Traditional IRA, a 403(b) or a Roth IRA using pension money?

    Can pension money be used to fund other retirement accounts?
  2. What are unregistered securities or stocks?

    Before securities, like stocks, bonds and notes, can be offered for sale to the public, they first must be registered with ...
  3. How does a company move from an OTC market to a major exchange?

    The over-the-counter market is not an actual exchange like the NYSE or Nasdaq. Instead, it is a network of companies that ...
  4. Can I roll a traditional IRA into a 529 college account for my grandchild?

    The short answer: Not without paying taxes. But as with much of the tax code, there are various nuisances and exemptions ...
Trading Center