Jamie Dimon RIPS Sloppy Business Leaders

Patrick Bet-David (0:00)

Jamie Dimon says, business leaders are sloppy as hell at communication. This is a Forbes story. He told an audience that most executives are terrible at two skills that matters the most, communication and leadership. His verdict on the business writing was blunt. Leaders send memos and decks that are sloppy as hell, burying the point under jargon and then wonder why nobody executes. Dimon argument is that communication is not a soft skill, bolted on to the real job. It is the job.

If people cannot understand what you want, nothing else matters, he pushes brevity, says the, say the thing plainly, say it early, cut the throat clearing. On leadership, he is equally direct. Too many bosses managed by abdication, hiding behind processes and consensus, instead of making a call and owning it. The best leaders are ready, visible, decisive, and willing to be disliked for a decision they believe in. How powerful of a breakdown is this, Tom?

Tom (0:57)

This is incredibly powerful, and this is coming from the same guy that absolutely went off on work from home about six months ago. Remember this? Somebody recorded it. He says, you're sitting there, you're not as effective, you're not doing this, and you're not paying attention, and you're on your phones. And he's there. And what he's talking about here is basically human leadership. And I love the point here, burying the point under jargon and then wonder why nobody executes. He says, I push this right now.

I push this at our company right now at times.

Not all the time. Fortunately, we got some great people here. But it's like communication is not a soft skill. It is the skill. When would... what will you do, and when will you do it? And next week, did you do that? That accountability loop, nobody seems to like. And people don't. And there is a... there's another story in here as well, Pat, if we could go to it, about what businesses expect of young people. Let's look at those four things, and then I've got something up there. I know you know what I'm holding. Yeah, go for it. So the four things that they're talking about, that people want in college graduates, and the people is like good businesses that are hiring. What they're asking for, and they say, look, we think you need to have four simple skills. Sound judgment, resilience. In other words, if your judgment is wrong, come back and keep trying. Communication. Oh, there's what Jamie Dimon is talking about. And collaboration. No lone rangers. Work as a team. And when you take a look at the things here, we have, and I highlighted them here, this is our culture book.

Patrick Bet-David (2:30)

And one of them was recover from setbacks. Go ahead, Tom.

Tom (2:33)

Yep. This is our culture book. Our culture book, you can get this at vt.com. And people see it because they say, well, you've synthesized the things we should be talking about. And we look for seven qualities among our best associates.

Research, hunger, desire, competitiveness, hitting deadlines, an obsession with personal development, curiosity, and we don't want you to be a lone ranger, and we want you to be part of the one club. Do what you say. And take a look at this, and what Jamie Dimon is saying. Guess what? In an age of AI, humans can communicate well, lead well, lead with clarity, get the job done, and work with the team to lead them to get the job done, are valuable. Pat, I'm so shocked.

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Patrick Bet-David (3:46)

Yeah, no, this is a very simple breakdown that when you see something like this, again, the words visible, decisive, and willing to be disliked for a decision they believe in.

Last Friday, before we finish the day and we go to a photoshoot with the family, we had the seventh CEO of Disney come here, Bob Chapek. And he did the first podcast. It was a two and a half, three hour podcast for his recent book that's coming out. The interview goes live tomorrow. Let me tell you, this conversation we had of what happened with them, I'll let you watch it, but based on what was talked about, there were moments that Bob Iger knew Bob Chapek was going to be fired when he became the CEO of Disney, that he set him up for COVID.