Rating

8

Qualities

  • Visionary
  • Hot Topic
  • Insider's Take

Recommendation

Jamie Dimon, CEO of JPMorgan Chase, has said that “the American dream is alive but fraying,” and he uses his company’s annual letter to shareholders to further explain why corporations must actively participate in solving today’s economic and social problems. Dimon is one of several high-profile CEOs at the forefront of a business movement into environmental and political advocacy. Shareholders, executives and investors will find some insightful commentary in this enlightening essay.

Summary

Corporations are more than value creators for shareholders; they also are responsible to customers, communities, employees and suppliers.

To act as responsible corporate citizens, businesses should follow three constructs in their interactions with stakeholders: model “ethical and moral” behavior, positively affect the communities they serve, and create a meaningful impact at national and global levels. To this end, JPMorgan Chase has pursued initiatives to support US minority neighborhoods as well as campaigns to confront climate change, address income and wealth inequality...

About the Author

Jamie Dimon is the chairman and chief executive officer of JP Morgan Chase.


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