JP Morgan is a global firm with global investments. Markets are always open someplace. Your post reveals just how stupid you really are. |
And years ago I mean back in "bankers hours days" of 1960s and 1970s at places like Chase you had Asia, London NY offices to cover time zones. My time at Chase I was mainly dealing with Asia/India who have a 12 hour work culture. We often have 8am and 8 pm meetings same day with Asia and sometimes 7 am and 11 am meetings for my London People. The bank is basically open NY time from Sunday Night when Asia opens to to Friday at around 8pm when the big Phoenix office closes. I was dealing with people in all the time zones on a project being run out of NY. I did WFH but only on Sunday night when I would pre-game for Monday and clean out inbox and also I pregame around 545 am at home on my phone or lap top. Once in a blue moon leave on time for an event like back to school night and then go back on line around 9pm. If I waited till 9am to look at stuff it would be a sea of requests and I already would have lost a lot of time. I don't sleep much anyhow. I only need six hours a night. So normally I watch 11pm news or tonight show and after everyone in bed clear out all my emails, tickets. And be suprising people would respond back. Often I send out requests at 11:30 pm. When I get up at 545 am I got responses I give feed back, then go to work and at 830 am finished product. And for folks who claim people take long lunches. Kinda after Europe closes for day at 12 noon and Asia/India is not coming back on line till 8pm why do you care if I decide to take a two hour lunch and get out of building. The few hourly people see me taking a two hour lunch may think I am goofing off. But the few times I do it is a mental break. |
Liquid lunches and meetings were where the real work got done. Boozing and making deals go hand in hand. Get them drunk and sign on the dotted line! |
PP. My intent by mentioning $200K was not a Wall Street or NYC pay reference. My point was that much lower-paid medium-level (not C-Suite) execs in an uncool F500 industry in flyover country are getting better service from their WFH 2 days a week and remote employees than Jamie Dimon claims he is getting. At his enormous pay level and with control over some of America's supposed brightest and highest-paid corporate employees. So much whining about how he can't find anybody to talk to or collaborate with on Friday. It's almost unbelievable. Like his employees won't stop sipping their slushy drinks on the patio of their vacation home to take a call from Jamie fricking Dimon? Like he can't ask his managers to come in every Friday and they would grudgingly agree? Like he can't manage based on goal completion? It seems like every time he's in the news, it's just whining about how the old ways were better. I suspect his employees don't like him. I think most people who entered the workforce before Covid are perfectly well aware that if you want to make the big bucks, you keep the top boss happy and work aligned to the top boss's preference. Why is he one of the leading crusty advocates of going backwards? He doesn't believe people can think while taking one of these oft-referred to dogs walking breaks? |
How dare employees want better pay and also work life balance!!! Also flexible hours doesn't mean "irregular" hours or less than full-time. What is it with you corporate slaves? |
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In Jamie's defense I have a staff person who wants to be promoted to manager. She is nice, does a good job, works from home three days a week, two days in even let her leave a bit early and catch up work. So she only comes to work 8 am to 4 pm two days a week.
Also due to strict drop off day care, then bus stop, then pick up day care and pick up bus stop and a husband who has an in person longer hour job she is one who makes, breakfast and dinner every night. She also never attends any work events as runs out the door or remote that day and wont budge on coming in on a remote day or staying late in person day. This is all fine. But like Jamie she came to me to be promoted which would be managing staff and asked what I can do to get to that level. I literally said you are qualified right now. But you do know your job would not be making sure people get to work on time, dont leave early, not taking excessive lunches, you know babysitting plus attending events your staff, making taking staff out on birthday or promotion and when home being there to answer questions. Can you do that? She was like hmmmmm. She is a great SME worker. But she litterally three days a week I know her schedule. she drops kid off childcare logs on 8am then runs out to buss stop with second kid, then back to a bit of work and juggle cleaning up kitchen, back to computer then at at lunch she grabs a shower, back on line, then off to buss stop, make a snack, then put kid in car go to day care, back to PC logs off for day. She is efficient and gets it down. But how in the hell can she get promoted to manage people with that schedule. |
Oh look, another clueless boomer who doesn't understand there is not only absolutely zero difference in how productive you can be while working remotely, but in fact studies show workers are MORE productive when they work remotely. How do you implement it? Let everyone work remotely and give them as much or little more responsibility as they ask for and you deem them capable of. If they put out acceptable work products at an acceptable level of productivity then boom, implemented perfectly. It literally doesn't matter if they're watching TV 7 hours a day at home because if they're giving you the result you want you are getting everything you are asking of them and everything you are paying them for. If they aren't giving you the result you want, you put them on a PIP and if that doesn't help you fire them and find someone who will. It's really not that complicated. You are clearly someone who has already decided against all evidence that remote work = less productivity which is simply not true. |
You think this is some kind of dunk on people who work from home but the fact of the matter is that if a worker has time to do all that from home and still get all their work done then there is literally zero material difference between them being in the office or not and you now have a happier, more loyal worker. There is some weird disconnect where otherwise smart people refuse to see reason when they don't like how it's served. Like, pretend you're a manager and you're on a business trip on the other side of the country. You are performing your management duties as normal, assigning work and reviewing what your direct reports send you. Everything is all good, all tasks are completed and done well. For this thought experiment you are 3,000 miles away and only have phone and fax access so you have no way of knowing if everyone is in the office or if people are sneaking a day at home. So if you can't tell whether an employee is at work or at home based on the work product your employees send you when you have no way of knowing, why would it change anything if you did? |
In person if I get my work done by 11am I go help others. At home I goof off rest of day. That’s human nature. |
+1. The irony about Dimon complaining that he can’t get a hold of people is that the people he would be trying to talk to are all other C-suite execs or MDs. And this is why he can’t do that much about it and complains so much. Those people can find another senior/executive level job without problem. If it were just an issue of juniors not coming in, we wouldn’t be having this conversation. |
I think you're probably right that she has created some career limitations for herself. Her limitations are in the business optics area. Your workplace isn't fully cool with flexible work and maybe you don't have many parent employees or people who place hard limits on use of their personal time. Your job requires more than the exact number/minimum scheduled hours. I had a remote manager for 2 years during Covid. It was the same management experience as seeing him in person in the office. It really is not the "managing people" that's the issue here (task selection and delegation, training, evaluating, reviewing work product, etc). It's management's role in building a workplace culture and contributing to norms. I think you've fairly communicated that there's an hours, in-office presence, and cultural norms-setting requirement. However, you don't seem to have given much thought to whether she would actually do a good job of managing people to produce work. And young people are better able to create culture and friendships in digital form. So in that sense, you're not really evolving your ideas of what it means to be a manager. |
Nope he goes right to the source. He is hands on. I saw him at 750 pm chewing out staff. If the SVP/MD is out he goes to source. That's why a dangerous game. |
| I realize that Jamie Dimon is the alpha male of alpha males, worker hours that only a superstud could handle. But he really looks like a tired, ill man. Guess he thinks it's worth it. |
Sick of hearing about the Asian 12 hour work culture. Worked for both the Chinese and Indians. A lot of the day was face time. It wasn't like people were busting their asses for 12 hours. |
That's not really very hard-core. At my work we engineer with Asia and we do calls up to 10 PM. When I was young and low level and working in California (my company is in Eastern Time Zone), I needed something from a US expat exec in Korea. It was 2 AM at home, 11 PM in Cali, and daytime in Korea. I just called the executive. He was so shocked that someone from home based was calling during his day, and he thought it was 2 AM, so he actually took care of the request. It's not hard to make a power play out of late and long hours. But there are less cruel ways to get stuff done on a regular basis. |