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Has Jamie Diamond caused anyone here to do a little self reflecting besides myself ?
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Anonymous
| This is sort of the same point made in the new Abundance book. Worth thinking about. |
Anonymous
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A little off-today topic, but Dimon himself was passed over for promotion at Citigroup in the late 90s and actually asked to leave, which he promptly did to eventually become CEO of JPM. JPM is considered vastly superior to Citigroup, and has had much better stock market returns over the years. C basically went bankrupt in 2008 financial crisis, whereas JPM sailed right through.
OP, you might want to tell your son, Dimon’s whole story for some guidance. |
Anonymous
Anymore with the amount of information that is available it has become abundantly clear that Democrats (you know the leadership) don't actually have big hearts. They know cold heartedly what they are doing when they manipulate people to believe that what they are doing is something noble. |
Anonymous
Democrats have learned their lesson. No more “when they go low, we go high” BS. |
Anonymous
DEI is “rampant in large corporations” because study after study after study has shown that DEI improves profitability. Period. |
Anonymous
Plz cite a few of those studies. |
Anonymous
LMAO  Poor OP! Hope your son is not as incompetent as you.
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Anonymous
People are bored. They want excitement. |
Anonymous
DP. Why are people so incurious? So unwilling to check claims themselves? This took me 20 seconds to find. You might google now because there are now AI summaries. Here you go, from McKinsey: “The business case for gender diversity on executive teams1 has more than doubled over the past decade. Each of our reports—2015, 2018, 2020, and now 2023—has found a steady upward trend, tracking ever greater representation of women on executive teams. At each time point we have assessed the data, the likelihood of financial outperformance gap has grown: Our 2015 report found top-quartile companies had a 15 percent greater likelihood of financial outperformance versus their bottom-quartile peers; this year, that figure hits 39 percent (Exhibit 1).” “A strong business case for ethnic diversity is also consistent over time, with a 39 percent increased likelihood of outperformance for those in the top quartile of ethnic representation versus the bottom quartile. This has persisted even with eight new economies added in our analysis of 2022 financial data.2” “The penalties3 for low diversity on executive teams are also intensifying. Companies with representation of women exceeding 30 percent (and thus in the top quartile) are significantly more likely to financially outperform those with 30 percent or fewer. Similarly, companies in our top quartile for ethnic diversity show an average 27 percent financial advantage over others (Exhibit 2).” https://www.mckinsey.com/featured-insights/diversity-and-inclusion/diversity-matters-even-more-the-case-for-holistic-impact |
Anonymous
| I think OP is a troll. But that’s just my opinion. |
Anonymous
Hi op. The problem is today’s Democratic Party is no longer the Democratic Party of 10 or 20 years ago. Today’s Democrats are The Left. There are few to no reasonable people left in the Democratic Party. |
Anonymous
Why do you believe I was incurious? I figured the McKinsey study would be the one cited. The a McKinsey study has been called into doubt by multiple serious researchers. Why are you so incurious as to have simply accepted the first flawed “study” that confirmed your biases? https://www.wsj.com/finance/investing/diversity-was-supposed-to-make-us-rich-not-so-much-39da6a23 |
Anonymous
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OP. I can't take you seriously if you misspell Dimon's name like this. Reading the rest of your drivel... You sound so extraordinarily dumb. You have no reasoning capabilities whatsoever. I don't care what political beliefs you ascribe to, you cannot think your way out of a paper bag. Dimon, on the other hand, is no fool. But you're so stupid you can't even understand what he means; and you missed that he's operating under Rich Person Rules, which are not the rules of anyone else. |
Anonymous
Okay, so you don’t like women or POC in the workforce, gotcha. This took 2 min. 😘 “The latest pushback has centered on the Human Rights Campaign (HRC) and its index that many Fortune 500 companies participate in. In response to recent departures from the HRC index, they find that 72% of LGBTQ+ adults say they would feel less accepted at companies that roll back DEI. Given that 7.6% of U.S. adults identify as LGBTQ+, and the community also has $1.4 trillion in buying power, this is worrisome for companies that have divested in DEI. It is estimated that the cost of exclusion is over $1 trillion on the economy.” https://www.forbes.com/sites/juliekratz/2024/11/06/why-abandoning-diversity-efforts-will-hurt-your-bottom-line/ “Another study published in American Sociological Review found many correlations between workplace diversity and better business results. Companies with greater racial diversity had better sales revenue, more customers, bigger market shares and higher profits than less diverse organizations. Higher levels of gender diversity were also tied to outperforming in revenue, customer and profit categories.2 ” https://www.employerscouncil.org/resources/diversity-benefits-your-businesss/ “Incorporating DEI policies into the hiring process can significantly improve retention. According to the American Marketing Association (AMA), DEI retention challenges can arise from day one if onboarding policies do not address potential microaggressions and other harmful behaviors targeted at employees based on their race, ethnicity, gender, age, etc.” https://peoplethriver.com/how-does-dei-benefit-the-workplace/ |
Anonymous
You’re not alone. It seems pretty obvious. |