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Reply to "Jamie Dimon - CEO of JPMorgan Chase - is an idiot and out of touch"
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[quote=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. [/quote]
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