JPMorgan CEO Says Something Everyone Can Agree On: "Kill Meetings" and Corporate Jargon

As much as we wish it weren't so, the heads of big banks like JPMorgan get paid the big bucks for a reason — and the latest missive from Jamie Dimon, the institution's CEO and chair, is a perfect exemplar. Clocking in at a whopping 57 pages without footnotes, Dimon's annual investor letter pulled no punches when pillorying everyone's least favorite part of work. "Kill meetings," the JPMorgan chair wrote. "But when they do happen, they have to start on time and end on time — and someone's got to lead them." So chagrined was Dimon at mismanaged meetings that he not only dedicated an entire paragraph to how much he hates them in a sub-section about how companies must "kill bureaucracy all the time and relentlessly," but also mentioned them several other times in the lengthy letter. "There should also be a purpose to every meeting and always a follow-up list," the CEO advised. "Sometimes we think we’re just being nice by inviting people to a meeting who don’t have to be there." In wha ... Read full article.