Jamie Dimon, CEO of JPMorgan Chase, in extensive interviews, discusses taxes and infrastructure, seeks balance in politics and buys back stock.
JPMorgan CEO Jamie Dimon has reported that bonuses have been cut for high-level employees who were not working to further the bank’s diversification mission.
During a conference on Friday, Dimon said he had cut some workers’ extra pay because they had “done nothing to help” diversification efforts. Financial Times reporter Laura Noonan.
A spokesman for JPMorgan told Fox Business that it has launched a new liability framework that combines various hiring and maintenance in a compensation decision.
“We have always taken seriously our commitment to equality, diversity and inclusion,” the spokesperson said. “To help drive change, we launched a new responsibility framework this year to combine various hiring and retention with members of the Operating Committee and most of our senior leaders for the year’s final performance and return decisions. You can attribute this to JP Morgan Chase. “
About 30% of JPMorgan staff will work from home on a rotation basis: Jamie Dimon
The company announced on Thursday that it plans to make a long-term 30 billion commitment to advance ethnic equity, especially for the black and Latinx communities.
“Systemic racism is a tragic part of American history,” Dimon said in a statement. “We can do more and better to dismantle systems that promote racism and widespread economic inequality, especially for blacks and Latinos. It has long been the case that society pays attention to racial inequalities in a more tangible, meaningful way. “
The plan includes funding, equity and loans.
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