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How Leaders Lead with David Novak

#14: Part 1: Jamie Dimon, JP Morgan Chase Chairman & CEO—Always Have a Plan to Deal With Problems

How Leaders Lead with David Novak

David Novak Leadership

Entrepreneurship, Business, Management

4.8596 Ratings

🗓️ 29 September 2020

⏱️ 43 minutes

🧾️ Download transcript

Summary

Today’s guest is Jamie Dimon, Chairman and CEO of JPMorgan Chase. He took this job back in 2006 – and it has not been an easy road. He faced the global financial crisis in ‘08, the COVID-19 pandemic, and all its aftermath. It’s just been one thing after another.  But I love the no-nonsense way Jamie approaches leadership in these tough moments. He isn’t surprised by problems. He’s prepared for them. As he puts it, “you don’t have a war and then decide to have an army. You better have the army first.” As leaders, we have to be real and say that problems are going to come up. They might be big or small, short-term or long-term. But one thing’s for sure: they’re going to be there. And we’ve got to be prepared. There’s just so much we can learn from Jamie so we always have a plan to deal with problems. You’ll also learn: Jamie’s source of motivation in tough times – and why it’s critical for team-building  How to listen to both the data and your gut when you’re making big decisions How Jamie’s readjusted his life and work after a major health scare  Specific ways corporations can be more socially responsible The surprising trait you need more of the higher up you get in an organization Take your learning further. Get proven leadership advice from these (free!) resources: The How Leaders Lead App: A vast library of 90-second leadership lessons to stay sharp on the go  Daily Insight Emails: One small (but powerful!) leadership principle to focus on each day Whichever you choose, you can be sure you’ll get the trusted leadership advice you need to advance your career, develop your team, and grow your business.

Transcript

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0:00.0

Welcome to How Leaders Lead, where every week you get to listen in while I interview some of the very best leaders in the world.

0:10.0

I break down the key learning so that by the end of the episode, you'll have something simple you can apply as you develop into a better leader.

0:18.0

That's what this podcast is all about. Today's guest is Jamie Diamond, the chairman and

0:24.0

CEO of J.P. Morgan Chase. Now, he took this job back in 2006, and goodness gracious, it has not been

0:31.9

easy. He faced the global financial crisis in 2008, the pandemic, and all the aftermath. I mean, at one point

0:39.2

in this conversation, I have to just ask him if it's possible to have fun in business anymore.

0:44.5

But I love the no-nonsense way Jamie approaches leadership in these tough moments. Because he isn't

0:50.4

surprised by problems. He's prepared for them. As he puts it, you don't have a war and then

0:55.7

decide to have an army. You better have the army first. I mean, as leaders, we got to be real and say

1:02.0

the problems are going to come up. They just are. They might be big or they might be small,

1:07.9

short term or long term. But one thing's for sure, they're going to be there,

1:12.4

and we got to be prepared.

1:14.1

There's just so much we can learn from Jamie, so we always have a plan to deal with problems.

1:20.0

So buckle up.

1:21.6

Here's my conversation with my good friend, and soon to be yours, Jamie Diamond.

1:35.0

Everyone has their own style and their own way of leading.

1:39.7

And today's guest, my very good friend, Jamie Diamond, the chairman and CEO of J.P.

1:47.2

Morgan Chase, is a leader who leads by being absolutely real and everything he does. Jamie, I know you got a million irons in the fire right now, so I really appreciate you taking the time to

1:52.2

have this conversation with me. I'm throwing the video today, David. You know, it's hard to believe,

1:57.7

but it's actually the anniversary of the financial crisis of 2008,

2:02.4

12 years ago.

2:04.1

And I was on the J.P. Morgan Chase board at the time.

...

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