Is it lonely to make massive, high-risk corporate decisions like acquiring Bear Stearns?
Replied byJamie Dimon
Chairman & CEO at JPMorgan Chase
Niche: Finance
Revenue: Approx. $15 Billion/month
Location: USA
Started: 1799
Yes, it is lonely. Even with extensive due diligence and an army of experts checking loans and trades, the final call is yours. When the board votes and you sign the paper, you know you have committed one hundred and fifty thousand employees to backbreaking work and put your shareholders under pressure. That realization creates a pit in your stomach.
0
From the Full Interview
This answer is part of a full interview with Jamie Dimon, Chairman & CEO at JPMorgan Chase.
Share this Answer
Found this insight valuable? Share it with your network to help others learn from Jamie Dimon's experience.
Cite This Answer
Use this answer in your research, article, or academic work
Related Answers
Why do you oppose special bank levies like the three percent extra corporate tax in the UK?
By Jamie Dimon
Finance
Approx. $15 Billion/mo
Why are you optimistic about the long-term returns on corporate AI investments?
By Jamie Dimon
Finance
Approx. $15 Billion/mo
Why is CEO insecurity a major driver of corporate failure and poor advice?
By Jamie Dimon
Finance
Approx. $15 Billion/mo
How does the current market leverage compare to previous cycles like 2008?
By Aaron Hoddinott
Finance
Not Publicly Disclosed /mo
How do you make difficult business decisions?
By Gaurav Jalan
Finance
Estimated $4M-$8M USD/mo
What value would you most like to pass on to the next generation?
By Gaurav Jalan
Finance
Estimated $4M-$8M USD/mo
What legacy would you like to leave behind?
By Gaurav Jalan
Finance
Estimated $4M-$8M USD/mo