“We go back to the office”

The CEO of JPMorgan Chase (JPM), Jamie Dimon, said on Monday regret about the explosives that he used in a recent town hall for employees, but he did not withdraw from his core message that the employees on five days a week have to return the workplace.

“I should never swear” and “I shouldn't get angry,” Dimon told CNBC when he was asked with employees after a heated exchange on February 12 who focused on the recent return of JPMorgan.

“However, we won't change,” he said. “We go back to the office.”

The JPMorgan Directive, that all employees have to be back in the office five days a week by the beginning of March, has triggered a petition of a group of employees who demands the largest bank in the country to have a hybrid labor policy.

“Do not give me the work that” works “works”, “said Dimon during the town hall meeting in Columbus, Ohio, checked after a trimmed recording and by Yahoo Finance.

From the petition in which the bank calls for a flexible guideline, he said: “I don't care how many people sign this cinematic petition.”

On Monday, Dimon also had a little more to say about another topic that he treated during the town hall of February 12: the policy of diversity, equity and inclusion (DEI) of the bank.

At the event, he told the workers that the legal changes together with Dimon's own wish to reduce bureaucracy would lead to changes for some DEI programs.

“Obviously we have to accept the law. So the law has changed. We cannot have any quotas,” said Dimon in the Yahoo Finance received money for certain DEI programs.

“I saw how we spend money on some of these stupid S *** and really angry me … I will only cancel it. I don't like wasting any money in bureaucracy,” said Dimon.

When CNBC Dimon asked on Monday what he found for wasteful, he said: “They are things like training courses that do not work or too many of them, which do not work.”

He added that “there are such a whole series of things, many small programs that have just grown over time. So we will somehow consolidate them. They are all very rational.”

Nevertheless, “we will still contact the black, Hispanic, LGBT, veterans, disabled communities. That doesn't change that, ”he said.

Last week, JPMorgan published his annual report and eliminated almost all mentions of “diversity, justice and inclusion” compared to his annual report 2023.

The story continues

The expression still appeared in the section in which call risks were described.

“JPMorganschase was and expects that activists, politicians and other members of the public in relation to business practices or positions of JPMorganschase in relation to public order matters (such as diversity, equity and inclusion initiatives) are still criticized.” The company report explained.

Other large banks have recently made some adjustments on how to talk about Dei.

In Citigroup (C), CEO Jane Fraser announced in a memo to corporate employees that the New York banking giant would no longer request that new employees be selected from various applicants.

Goldman Sachs (GS) also said this month that it would reduce a request to his IPO customers to accept women and minorities on their board of directors.

David Hollerith is a senior reporter from Yahoo Finance, covers banking, crypto and other financial areas.

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