This is Dimon at a commencement speech asking for ethics and no more poaching of his talent.
Here he is laying off 1000 kids.
https://www.reuters.com/business/finance/jpmorgan-chase-begins-layoffs-with-more-planned-barrons-reports-2025-02-12/
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“…with the crowd responding in laughter.“
Seems like Mr. Dimon doesn’t like competition. What kind of capitalist is that?
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Uhm, the most normal rational kind capitalist, who actually really are “only in it for the money”.
Also why, as Adam Smith pointed out long ago, we need governmental action pushing back against the utterly sane desire of capitalists to eliminate competition as they push ahead for more and more power status and wealth.
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Yes, capitalists extol the virtues of hard knuckle competition…for thee, not me.
It seems he’s whining.
Pay the students what the market will bear, and compete for their labor, like capitalists say they do.
I am starting to understand that Ethics only works one way. I would tell all the graduates follow the money and do not be loyal to anyone.
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Finished the thought for you.
Steve
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Is it just the JC’s though?
Yep. The only guaranty you’ll see from company loyalty is that, “you’ll be ridden hard and put up wet”.
intercst
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The Fifth Book. The forgotten book. The ignored book. The oh I did not know that book.
The reason the US got her liberty from England. At the time of the writing of that book England was in her first Depression. The Americans rose to take advantage.
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The irony is that companies that still have DEI do give a crap. I work for one of them. Ground feels some small rumbles but things are in place and will remain in place. A few of the frills of the business have been tucked away but only if in the scheme of things they were outdated.