Jimmy Damon, CEO of JPMorgan Chase, defended his position against the distant work of a group of university students, who told them that remote work “does not work in our business.”
Damon, 68, said that he had “had enough” of the apparent work when talking to students at the College of Graduate Studies at Stanford University last week.
One of the students asked the bank’s executive director about his leaked observations and observations from the company’s town hall, which deals with the end of the company’s mixed work, which has become a common practice in the workplace in recent years, especially after the Korona virus.
A request by the student advice on how to address the issue of virtual work.
Damon answered that the only group of people frustrated by the return of the office is “Persons in the Center”, like the company's office workers.
“If you are working in a restaurant, you should be in,” he said. “You may not know this, but 60 % of Americans worked all the time.”
“Where did you get your Amazon packages?
“I got UPS, FEDEX, manufacturers, agriculture, hospitals, cities, schools, nurses, sanitation, firefighters and military personnel. They all worked.”
Some workers in both the government and the private sector who have been allowed to work away since the epidemic criticized the delegations of returning to the office in recent years.
There were some who resigned even from the return of the office's requirements, which Damon said was respectful.
“We have 10 % of our employees who work at home full time,” Damon said. “We put the virtual communication centers in Baltimore and Dutary. We did it to see if it will be effective. It's very effective. They work from the house. Most of them are minorities. That's why we did it. It is running the house. So I am not against it where it works … I also fully defend your right to say,” I don't want it. “
He added, “But I do not defend your right to tell me what Jpmorgan will do.” “So you have a free market. You can do something, I can do something else. This is called the free market.”
JPMorgan Chase announced earlier that employees must return to the office five days a week, starting this month.
Damon also said that he wanted people to return to the office because “the youngest left behind.”
“This is not like the first month in which you work,” he said. “By the second year, you have less people, you are putting less tasks, you know the least that is happening, you have less conversations in the water cooler or the cafeteria. So he leaves them behind them. I will not do it.
He also stressed the importance of communicating with co -workers in the office, which may not be possible while working remotely.
“As an administrative tool, when we meet in the morning, we talk, we have these discussions, throughout the day we are talking.” Hey, no, I have reviewed that, you are right, here I think we should do. “Throughout the day, a continuous update, a fixed share of information. So I tell you, it does not work in our works. And to culture, you talk about culture, it is impossible to do culture.”
Damon also said that people often spend their phones during enlargement meetings.
