from Zero Hedge
While the rest of the world gives Jamie Dimon flak for the leaked audio of him running a tight ship at his bank this past week, it was mostly music to our ears.
After years of junior bankers on Wall Street – many of whom are now starting with salaries close to $200,000/year – complaining about not having enough time off, being forced to work weekends and lack of vegan options in the company cafeteria (we just assume), audio surfaced this past week with JP Morgan’s Chief Executive Officer launching into a tirade about ‘working from home’.
As Barron’s notes, employees are frustrated by the bank’s upcoming five-day office mandate and lower-than-expected raises and bonuses despite record profits. Dimon made remarks to a group of employees at an internal town hall this week.