Jamie Dimon, the CEO of one of the most powerful banking corporations, JP Morgan Chase, who was credited for the bank's growth since his ascent to the top of the bank, has let loose in his criticism of regulatory bodies in the US.
A leaked audio clipping of Dimon speaking at a company's internal townhall has now emerged.
JP Morgan CEO Takes On Rohit Chopra
In the audio, he has allegedly criticised Indian-origin businessman and former Director of the Consumer Financial Protection Bureau of the United States, Rohit Chopra.
Donald Trump is one biggest detractors of the agency for its regulatory capabilities, which is now headed by its acting director, Russ Vought, who is a staunch Republican.
The agency that Chopra spearheaded fielded more than 7.7 million complaints and returned nearly USD 20 billion to consumers in just over 13 years of existence. |
Extending and echoing these Trumpian thoughts, Dimon, while lauding the organisation for its action for protecting consumers. However, he was also of the opinion that CFPB is redundant.
Furthermore, talking specifically about its former director, who headed the agency until February 1, Dimon vociferously said, "They massively overstepped their authority. I think this guy—Chopra or whatever his name is — was just an arrogant, out-of-touch son of a b***h who just made things worse for a lot of Americans."
The agency that Chopra spearheaded fielded more than 7.7 million complaints and returned nearly USD 20 billion to consumers in just over 13 years of existence.
Work From Home Tirade
Not just, Dimon also went on a rampage against the Work-From-Home policy, claiming that it putting the younger generation at a disadvantage.
According to Dimon, the work-from-home policy has affected creativity, hurt junior employees, and led to inefficiencies.
He criticised Zoom meetings and the nature of work produced through such meetings. According to him employees were not paying attention, were not reading.
He reflected on his conduct how attentive he is during these meetings, and how that he does not even carry his phone to these meetings.
He also touched on regulatory bodies and how they had apparently made tasks cumbersome.
Responding to petitions against his approach, Dimon said, that he does not care about these petitions. He also added that it is a free country, and essentially suggested that people who have problems with approach could leave and work elsewhere.
