Jamie Dimon - CEO of JPMorgan Chase - is an idiot and out of touch

[Anonymous]

Anonymous wrote:

Anonymous wrote:His statement is so ignorant and out of touch.

Dimon pointed out that a 17-year-old bank teller could make $40,000 a year, adding: “And if you happen to have a family at 18 or whatever, you get $20,000 in medical benefit for your family. You can be a welder, you can be a coder, you could be cyber, you could be automotive—all of those jobs are $40,000 to $60,000, $70,000 a year."

Bank teller job? He's in banking, and he doesn't know that bank teller jobs are pretty much extinct?

Coder? He doesn't read the news? Entry level coding jobs have either been offshored or taken over by AI (full disclosure: DC is a CS major0.

Has he tried living on $40K with a family, especially around NY where he's based out of?

I do agree with him about college, and how the goal of going to college for the vast majority should be about jobs. But, other than that, that guy is so out of touch it's ridiculous that should be telling people about what kind of jobs they should be getting.

https://finance.yahoo.com/news/jamie-dimon-says-schools-making-110211155.html

Chase has 6,000 branches and opens new ones all the time. Look at DMV, none existed 7 years now a Chase branch is on every corner.

Yes but that usually isn't a brand new bank. It's a takeover of another bank who already has employees, many of whom stay with the new company. Further. how many tellers do you think are in each branch? That is going to be very dependent on traffic to a particular branch and location.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My 17 year old can’t even find a minimum wage ice cream shop job.

Really! I’m not in the DC area, but my newly 18 year-old was offered 5 jobs this summer. Of course she applied to over 50 and Only got about 10 interviews. She is currently juggling 2 for about 40-50 hours a week and is finding out about “time and a half” because she’s working retail today - Juneteenth!! She’s saving for spending money for college.

Not the OP, but yes, really. My kid is experiencing the same. And this is with 2 summers or work experience. Retail places for some reason won't hire them despite being a great student, having experience with people and kids, and 2 summers of work experience in Rec for the county.

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP,. You may be a bit out of touch. Welders, coders, automotive mechanics all make good money (70k). Most of America doesn't live in NYC. The out of touch people are UMC people who think that their DC with a 2.5 GPA in undergrad should be guaranteed a 100k job.

? I specifically called out the bank teller job.

My dad was a machinist back in the 80s/90s and made $45K working the night shift when he retired. It was enough to live off of, but even so, $45K today even in middle America, is below the median income, certainly for a family.

I said nothing about "my DC with a 2.5 GPA should be guaranteed a 100K job". BTW, my DC has a 4.0 in undergrad as a dual CS/math major.

There are so many people with this exact qualification these days.

[Anonymous]

Anonymous wrote:OP,. You may be a bit out of touch. Welders, coders, automotive mechanics all make good money (70k). Most of America doesn't live in NYC. The out of touch people are UMC people who think that their DC with a 2.5 GPA in undergrad should be guaranteed a 100k job.

NP here- my DC barely had a 3.0 in undergrad and got a job in sales right after graduation. Makes $70 plus commission (so around 100) one year post-grad. At this point, nobody gives a rat’s behind about his GPA

[Anonymous]

Anonymous wrote:Too many undocumented and immigrant visa taking jobs

Trump is rounding all of these people up and sending them back home.

[Anonymous]

Anonymous wrote:

Anonymous wrote:His statement is so ignorant and out of touch.

Dimon pointed out that a 17-year-old bank teller could make $40,000 a year, adding: “And if you happen to have a family at 18 or whatever, you get $20,000 in medical benefit for your family. You can be a welder, you can be a coder, you could be cyber, you could be automotive—all of those jobs are $40,000 to $60,000, $70,000 a year."

Bank teller job? He's in banking, and he doesn't know that bank teller jobs are pretty much extinct?

Coder? He doesn't read the news? Entry level coding jobs have either been offshored or taken over by AI (full disclosure: DC is a CS major0.

Has he tried living on $40K with a family, especially around NY where he's based out of?

I do agree with him about college, and how the goal of going to college for the vast majority should be about jobs. But, other than that, that guy is so out of touch it's ridiculous that should be telling people about what kind of jobs they should be getting.

https://finance.yahoo.com/news/jamie-dimon-says-schools-making-110211155.html

Chase has 6,000 branches and opens new ones all the time. Look at DMV, none existed 7 years now a Chase branch is on every corner.

When was the last time you went to a bank teller and why did you go?

[Anonymous]

You just got this?

He's been spouting nonsense for a few years now.

What happened to him? Is it the Trump Kool aid? I assume he was respected ince.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:His statement is so ignorant and out of touch.

Dimon pointed out that a 17-year-old bank teller could make $40,000 a year, adding: “And if you happen to have a family at 18 or whatever, you get $20,000 in medical benefit for your family. You can be a welder, you can be a coder, you could be cyber, you could be automotive—all of those jobs are $40,000 to $60,000, $70,000 a year."

Bank teller job? He's in banking, and he doesn't know that bank teller jobs are pretty much extinct?

Coder? He doesn't read the news? Entry level coding jobs have either been offshored or taken over by AI (full disclosure: DC is a CS major0.

Has he tried living on $40K with a family, especially around NY where he's based out of?

I do agree with him about college, and how the goal of going to college for the vast majority should be about jobs. But, other than that, that guy is so out of touch it's ridiculous that should be telling people about what kind of jobs they should be getting.

https://finance.yahoo.com/news/jamie-dimon-says-schools-making-110211155.html

Chase has 6,000 branches and opens new ones all the time. Look at DMV, none existed 7 years now a Chase branch is on every corner.

When was the last time you went to a bank teller and why did you go?

I go all time. Chase has free coffee and lollipops.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Dimon is a huge hypocrite. He refused to speak out about Trump, even when directly questioned and then had stories planted in the news about how his wife was out canvassing for the Dems. He didn’t know that it would be this bad, but he knew Trump wouldn’t be good…and he stayed silent and greedy.

While it’s gross, that’s not as bad as Charles Schwab being in the Oval Office on the insider trading day and the felon crowing that he made $1B that day.

I was going to switch to JP Morgan because rn it’s the lesser of two evils.

So true....lesser of 2 evils, but Jamie D used to be more sensible. He is older now and like anyone aging, his brainpower has slipped and he says dumb things.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:His statement is so ignorant and out of touch.

Dimon pointed out that a 17-year-old bank teller could make $40,000 a year, adding: “And if you happen to have a family at 18 or whatever, you get $20,000 in medical benefit for your family. You can be a welder, you can be a coder, you could be cyber, you could be automotive—all of those jobs are $40,000 to $60,000, $70,000 a year."

Bank teller job? He's in banking, and he doesn't know that bank teller jobs are pretty much extinct?

Coder? He doesn't read the news? Entry level coding jobs have either been offshored or taken over by AI (full disclosure: DC is a CS major0.

Has he tried living on $40K with a family, especially around NY where he's based out of?

I do agree with him about college, and how the goal of going to college for the vast majority should be about jobs. But, other than that, that guy is so out of touch it's ridiculous that should be telling people about what kind of jobs they should be getting.

https://finance.yahoo.com/news/jamie-dimon-says-schools-making-110211155.html

Chase has 6,000 branches and opens new ones all the time. Look at DMV, none existed 7 years now a Chase branch is on every corner.

When was the last time you went to a bank teller and why did you go?

Not Chase, but I go to the bank like once every two years because I have a safety deposit box.

I was sounded at how many people were in line to speak to a bank teller. Several looked like small business owners depositing cash (they had official bank bags).

What the others were doing? Who knows…a couple of elderly who I assume just don’t trust electronic methods or need an excuse to engage with the world.

[Anonymous]

DH goes to the credit Union to cash checks. They clear quicker. He is probably there once or twice a month.

[Anonymous]

When I worked with him in 2004/2005 and produced a report he report he read daily that tracked the work of our 250 person project that tool me in a single year 3,000 hours of in person office work to accomplish he was new to firm, doing merger work, doing year one SOX, launching strategic plans and an insane amount of learning and executing his vision I know he was in office around one hour before me and one hour after me. He worked I guess in person 3,500 hours that year. He lived in Chicago at time so commuted back and forth at beginning Then there was weekend work and work o the plane.

There is so much damm stuff to know at Chase. And the executives who report to Jamie well there are insanely knowledgeable.

Marrianne Lake who is up for CEO was one of he people who I went to updates with. She was on Senior Mgt team even back then. She go to meeting no laptop, no note pad and damm she knew everything, she was like Human AI.

I only felt I was barely getting it by month 14. Like I finally could contribute and answer questions but that was after 3,500 hours of intense work and learning in person.

Today my firm new hires work from home three days a week are in the office 15 hours a week. We get almost two months off with vacation, holidays, sick days, training days. Thats only 600 hundred hours a year. They will never learn whole business. They will learn their little job, Marrianne Lake who will be next CEO I think is 56 she has been at firm 25 years and she is about ready.

She was working at work and home about same hours I worked. So 75,000 hours to learn whole company to extent she can be CEO. My 600 an hour people at work it would take them just 125 years to learn enough to be CEO of Chase

And folks dont know what branch people do, they sell business, act as call center private banking customers of branch, help with IRAs, RMDs, CD rollovers, Auto loans, mortgage loans, student loans, HELOCs, they have to be knowledgeable tons of productds.

[Anonymous]

I like him. He's right.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:His statement is so ignorant and out of touch.

Dimon pointed out that a 17-year-old bank teller could make $40,000 a year, adding: “And if you happen to have a family at 18 or whatever, you get $20,000 in medical benefit for your family. You can be a welder, you can be a coder, you could be cyber, you could be automotive—all of those jobs are $40,000 to $60,000, $70,000 a year."

Bank teller job? He's in banking, and he doesn't know that bank teller jobs are pretty much extinct?

Coder? He doesn't read the news? Entry level coding jobs have either been offshored or taken over by AI (full disclosure: DC is a CS major0.

Has he tried living on $40K with a family, especially around NY where he's based out of?

I do agree with him about college, and how the goal of going to college for the vast majority should be about jobs. But, other than that, that guy is so out of touch it's ridiculous that should be telling people about what kind of jobs they should be getting.

https://finance.yahoo.com/news/jamie-dimon-says-schools-making-110211155.html

Chase has 6,000 branches and opens new ones all the time. Look at DMV, none existed 7 years now a Chase branch is on every corner.

When was the last time you went to a bank teller and why did you go?

Not Chase, but I go to the bank like once every two years because I have a safety deposit box.

I was sounded at how many people were in line to speak to a bank teller. Several looked like small business owners depositing cash (they had official bank bags).

What the others were doing? Who knows…a couple of elderly who I assume just don’t trust electronic methods or need an excuse to engage with the world.

I go to get dollar coins, which are what the tooth fairy brings at our house. I know somebody who gets $2 bills for tipping bellmen.

Sometimes I use their notary, which is a nice service.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Jamie Dimon is a firehose of stupidity.

He always saying dumb things. The bigger issue is why people treat him like a font of wisdom.

The media loves to write articles based on what loudmouth know-it- alls just said