The JUST Report: Should America Be Run Like JPMorgan?
In a searing Washington Post Op-Ed this week, JPMorgan Chase Chairman and CEO Jamie Dimon laid bare the challenges facing the country but also offered a persuasive leadership vision for meeting them. If the way Dimon has built JPMC is anything to go by, it could be a powerful template for a more just society. Our newly-released case study of JPMC’s leading workforce policies and practices, captured in the JUST Jobs Scorecard and The Schultz Family Foundation’s American Opportunity Index, shows why.
Take his belief that “the American Dream is disappearing for many because opportunity is not shared equally”. JPMC has excelled at building pathways to prosperity for people of all backgrounds. Their prioritization of tuition reimbursement, apprenticeship programs, and Emerging Talent Programs, not to mention their Military Pathways Rotational Programs, are prime examples. Just 17% of banks and 26% of the Russell 1000 overall disclose details on such efforts.
What about the importance of “uniting the nation” and “creating opportunity for all”? Well, we know from our polling that Americans in every demographic group identify paying a fair, living wage as their top priority for companies today. Here, JPMC is one of only 2% of Russell 1000 companies we assessed in the JUST Jobs Scorecard to disclose a minimum hourly wage of at least $20, which is above MIT’s all-important national living wage estimate for a single working adult of $17.46/hour.
His emphasis on fostering communication and collaboration, particularly those with whom we may not always see eye to eye, also shines through in JPMC’s JUST ranking. Their success in revitalizing Detroit – a model for community rehabilitation – was due in part to the diverse coalition of actors brought together to define solutions.
Dimon has built JPMC into a global powerhouse that embodies just leadership, creates value for all their stakeholders and outperforms economically. Might a just leader in the White House do likewise for America?
Be well,
Martin
JUST AI
Fortune reports that despite the push from bosses to drive productivity with AI, 77% of employees say the technology actually creates more work. Meanwhile, companies are begging investors for patience while they invest heavily in a technology whose full payoffs won’t come for quite a while.
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Chart of the Week
This chart comes from our latest research with RepRisk, which shows that when compared to industries of a similar size, high-risk industries were found to have lower rates of health and safety and human rights disclosure overall. Take a closer look.
