Jamie Dimon

speaker
1,379 appearances 70 recordings 17 series first heard Sep 2024 last heard 16 Jul

Jamie Dimon’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
25 · Jan OctJan 26AprJulnow

Recordings per month over the last 12 months — 54 in all, peaking in Jan 2026 with 25.

Appearances

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So today at JPMorgan Chase, there are no...
We do do things, and I know some of my partners in the room here, but we all know about it.
There are no winks.
There are no nods.
There are no side deals.
There's almost no one paid on a particular thing because if you're paid on a particular thing, you can do the wrong thing.
And meanwhile, you're not helping the company manage its risk or something like that.
So we change the incentive programs.
And I'm quite conscious about incentive programs that they don't create misbehavior.
But it's also very important, if you're in a company and you say the incentive program is doing it, you should tell the company.
This incentive plan is not incenting the right behavior versus the customer.
And a lot of it was leverage.
So if you look at the leverage in some of these securitization books and mortgage books, if you have 30 times leverage and you're getting 20% of the profits, you'll go to 40 times leverage.
It's literally going to add 25% to your bonus.
And so I got rid of the profit pool of 20% and the leverage.
And I lost some people, too, in the meantime.
So I was at Avra on 47th Street with my parents at my parents' favorite restaurant.
My whole family was there.
It happened to be my birthday.
I don't normally get emergency phone calls.
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