In his annual letter, JPMorgan Chase CEO Jamie Dimon outlines essential management philosophies including avoiding backchannel communications, making follow-up lists, and embracing direct accountability. He reflects on personal experiences illustrating the importance of clear and direct communication, particularly a situation involving a malfunctioning ATM. Dimon stresses the need for executives to speak plainly and directly address issues, urging them to write their own memos rather than rely on intermediaries. This letter not only advises executives on management but also touches on broader economic topics like stagflation and US democracy.
Author your own memorandums and go right to the source when you want answers, even if it means breaking through the chain of command.
If your cell phone rings and 'Jamie Dimon' pops up on Caller ID, it would be advisable to leave the fanciful corporate jargon at the door.
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