We&#x27;ve curated a special 10-minute version of the podcast for those in a hurry. Here you can listen to the full episode: https://podcasts.apple.com/no/podcast/live-podcast-with-jamie-dimon-ceo-jpmorgan-chase/id1614211565?i=1000764228585&amp;l=nb In this special live episode, Nicolai Tangen sits down with Jamie Dimon, Chairman and CEO of JPMorgan Chase, at NBIM’s Investment Conference in Oslo. With 20 years at the helm of one of the world’s leading financial institutions, Dimon shares first-hand insights into what it takes to build a winning corporate culture. The conversation spans everything from global markets to the biggest challenges ahead, including geopolitics and private credit to cybersecurity and AI. This is an unique opportunity to hear one of the most influential voices in global finance reflect on leadership, resilience, and the forces shaping the global economy. In Good Company is hosted by Nicolai Tangen, CEO of Norges Bank Investment Management. New full episodes every Wednesday, and don&#x27;t miss our Highlight episodes every Friday. The production team for this episode includes Isabelle Karlsson and PLAN-B&#x27;s Niklas Figenschau Johansen, Sebastian Langvik-Hansen and Pål Huuse. Background research was conducted by Karoline Woie. Watch the episode on YouTube: Norges Bank Investment Management - YouTube Want to learn more about the fund? The fund | Norges Bank Investment Management (nbim.no) Follow Nicolai Tangen on LinkedIn: Nicolai Tangen | LinkedIn Follow NBIM on LinkedIn: Norges Bank Investment Management: Administrator for bedriftsside | LinkedIn Follow NBIM on Instagram: Explore Norges Bank Investment Management on Instagram Hosted on Acast. See acast.com/privacy for more information.

HIGHLIGHTS: Jamie Dimon - CEO of JPMorgan Chase

In Good Company with Nicolai Tangen

# Full Transcript

**Podcast:** In Good Company with Nicolai Tangen

## Transcript

[SPEAKER_A] Hi, everybody. Tune in to this short version of the podcast, which we do every Friday. For the long version, tune in on Wednesdays. Hi, everyone. I'm Nicolai Tangen, the CEO of the Norwegian sovereign wealth fund. Today, I'm in really good company because I'm here with the one and only Jamie Dimon. He runs the largest bank in the world, 20 years at the helm, and his annual shareholder letters are mandatory reading for everybody in the financial sector. We recorded this live on stage at our investment conference in Oslo. We are proud investors in JPMorgan. Jamie, welcome to In Good Company. The first question has to be, what is the culture that has made you able to be so successful now after 200 years?

[SPEAKER_B] First of all, welcome everybody. Thrilled to be here. He is persistent, by the way. When he asked me about, could I come in 2025, I said I can't. He said, what about this date in 2026? So here I am. But I am thrilled to be here. It's wonderful. Cultures are— my whole life, I was always cautious about when you talk about culture, because you could say all the words. A lot of companies say employees, customers, and they don't mean it. So the real way you develop a culture is you're just driving it. But grit and courage, like every meeting, everything you do, every trip you make, every person you hire, every person you fire, that it really is about doing the right thing for the customer eventually. Obviously, do they got to take care of your employee? A lot of cultures on Wall Street, as you know, it was about money. How much money can someone make? And some of the things in Wall Street are built on their compensation schemes. They're not serve a client scheme. And so I've just been relentless. When we first did the JPMorgan-Bank One merger in 2004, I had a book on how we do business. And Bill Harrison, who was the chairman at the time, said, "You got to send it out." And I was like, "No, let's do it first. Let's let people experience the detail, the diligence, the fortress balance sheet, all these things, the follow-up, the open meetings that you have to speak up. It's not even a choice, hopefully." And if you do that, you just drive a certain type of culture.

[SPEAKER_A] [Speaker:NICOLAI_TANGEN] How do you stop bureaucracy from creeping into the organization? Because you are now— it's a huge organization, right?

[SPEAKER_B] [Speaker:JAMIE_DIMON] Yeah. I really believe this— bureaucracy, complacency, and arrogance will take down a company. Bureaucracy is like the petri dish of politics and everything else. And you could be a small company and have it. You could be a big company and have it. You can have it in your branch. You cannot have it in another branch. And it's always the managers are stupid. I mean, almost always. The way you fight it is, with me, all the information is shared beforehand. So there's no secret. I remember going to comp...

HIGHLIGHTS: Jamie Dimon - CEO of JPMorgan Chase

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

HIGHLIGHTS: Jamie Dimon - CEO of JPMorgan Chase

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.