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Dynasty Maker [3472]
TigerPulse: 100%
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Regarding Jamie Dimon reading the petitioners the riot act
Feb 13, 2025, 9:30 PM
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……..can’t stand the guy on some levels, but I have to admit, he has set the right tone on this occasion.
Show up to the company to do your job, turn your idiot phone off…….or feel free to hit the bricks.
https://x.com/zigmanfreud/status/1890202488596492620?s=61
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Game Day Hero [4205]
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Re: Regarding Jamie Dimon reading the petitioners the riot act
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Feb 13, 2025, 9:51 PM
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Yes and no…I too appreciate the sentiment with regard to showing up and doing your job. My own company is struggling getting people back in the office. However, 2 hour commutes (one way) and regularly working 7 days a week (as Dimon says to work shame others) shouldn’t be a thing (have friends who do that in NYC). I honestly don’t know if the younger generations will ever embrace that again…and quite frankly I don’t blame them.
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Dynasty Maker [3472]
TigerPulse: 100%
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Re: Regarding Jamie Dimon reading the petitioners the riot act
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Feb 13, 2025, 10:31 PM
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I commuted every day into Manhattan for ten years, I get it. Shout out to the bridge and tunnel crowd.
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Rival Killer [3040]
TigerPulse: 95%
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"Return to the office" mandates are essentially a paycut...
Feb 13, 2025, 10:43 PM
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Dimon and those of his ilk are raising the cost of their employees' daily life without an accompanying pay-raise.
More gas & transit costs, probably more money spent on lunches, more time commuting, i.e., more complicated life.
There is something to having in-person meetings.
But they're over-rated for many workers. Many people are actually happier & more productive when working remotely.
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Clemson Icon [25712]
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Re: "Return to the office" mandates are essentially a paycut...
Feb 13, 2025, 11:21 PM
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He is not talking about meetings. He thinks there are too many meetings as is. The question is not whether in person meetings are over rated, but whether simply being in person is over rated. He's saying it's not. Right or wrong, what he's right about is, if you dont like not working from home, work somewhere that allows it. Why would you thing work-from-home is a right?
People worked in the office. Then they were allowed to work at home. They stayed in their PJ's. So, to bring them back in they need a raise?
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Oculus Spirit [41983]
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57
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just go find a job that lets you work from home
Feb 14, 2025, 4:06 AM
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if that's what you want.
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Rival Killer [3040]
TigerPulse: 95%
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All I'm saying is that it costs people more to work from office....
Feb 14, 2025, 8:34 AM
[ in reply to Re: "Return to the office" mandates are essentially a paycut... ] |
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If they work from home, they save commute time and associated costs, as well as costs associated with being out and about each day. It also costs the company more, as they have to provide all the support that goes with keeping their own buildings open for business.
I voluntarily went back into the office 3-4 days/week after the pandemic, because I wanted to separate my family & work life a little more. I'm not against working from the office, and I currently do so about 70% of the time.
But I know a lot of people in my company who were more productive & happier when working from home. And when you force people back into the office, it is like a paycut to them.
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Clemson Icon [24329]
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TigerNet Elite [77901]
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Ring of Honor [23968]
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Re: Regarding Jamie Dimon reading the petitioners the riot act
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Feb 13, 2025, 10:53 PM
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JPMC had the most profitable year of any bank in history in 2023.. and then they had an even better year in 2024. Somehow they managed that while working from home, but it's never enough for ghouls like Jamie Dimon. He can't stand the idea that his employees might get to see their families more than once or twice a week.
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Top TigerNet [30150]
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Im firmly convinced
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Feb 14, 2025, 12:08 AM
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The push for back to office is largely being driven by investments and contracts that these companies have in commercial real estate. I’ve been working from home primarily for the past 15 years with brief contracts requiring occasional days in office. I know my field (software development) may be an outlier but with distributed teams (which you will have with almost any specialized project in order to get the resources you need) work from home has increased our productivity.
Again, I know industries are different, but I still suspect that even in the face of record profits during the last stretch of work-from-home most companies that are focusing on back to office schedules are doing so in the face of their investments in and contracts with commercial real estate.
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Standout [210]
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Re: Im firmly convinced
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Feb 14, 2025, 11:21 AM
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I think one more aspect that is not captured is the knowledge base.
I work in a field that has a lot of older workers in our work force. Both office and in turning the wrenches. As the older generation is moving into retirement its hard to capture that knowledge base that is quickly leaving.
Even in the most proceduralized work environments, not every aspect of the how and why are captured. So I believe companies are trying to get folks back into the office so that they can get some knowledge transfer before to much is lost.
That said, It is interesting about the rant when in the back drop the company is doing so well. Obviously, you always want to strive for continuous improvement, but by the sound of his voice you would think they are on the verge of bankruptcy. If I knew I was making my numbers, and the boss included me on that call, I would start looking around. Because if that was the case, he is clueless on who is performers are. You treat the people who make you money great. They are the ones making the business work. Now if you quietly know you are not dialed in and you are just hiding out in the crowd. Well that's the wake up call. Cant expect to get special treatment (work from home, etc.) if you are not one of the reasons why the company is making its numbers. So you have to have that ability to honestly self-assess your skills/ value and how that translates to the companies performance.
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Game Changer [2093]
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Re: Regarding Jamie Dimon reading the petitioners the riot act
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Feb 13, 2025, 10:59 PM
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Jamie Dimon is not a true leader.
He’s proven that he just wants to have the top X percent own 99% of the country’s wealth.
If you’re looking to him for American leadership, you are emotionally weak or financially weak and pretty darn gullible.
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National Champion [7136]
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Re: Regarding Jamie Dimon reading the petitioners the riot act
Feb 13, 2025, 11:18 PM
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Going into the office sucks but many of these corporate type banking folks are paid shockingly large amounts of money to do very little much of the time. If they don't like it they can always go find some other work from home job where they make half of their current salary. Crying like they are being forced to storm the beaches of Normandy just proves how pathetic and not cut out for the real world they actually are.
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Top TigerNet [30762]
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Re: Regarding Jamie Dimon reading the petitioners the riot act
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Feb 13, 2025, 11:46 PM
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It will be a good recruiting draw for JP Morgan's competitors.
Because he's right. You don't have to work at JP Morgan.
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Ring of Honor [23968]
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Re: Regarding Jamie Dimon reading the petitioners the riot act
Feb 14, 2025, 12:12 AM
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That would be the best outcome, that they have their best employees poached by competitors and it hurts their business enough that they give in.
Unfortunately, the 1% have much more of a sense of class solidarity than the 99% do in the US. Most likely these companies will collude to force their employees back to the office all at once, and the Trump administration certainly isn't going to do anything to stop it.
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Top TigerNet [30762]
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Re: Regarding Jamie Dimon reading the petitioners the riot act
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Feb 14, 2025, 12:21 AM
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Why would the Government be expected to get involved with that?
Most of the large financial institutions have not followed JP Morgan in this.
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Ring of Honor [23968]
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Re: Regarding Jamie Dimon reading the petitioners the riot act
Feb 14, 2025, 12:32 AM
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Employer collusion to suppress wages or prevent workers from changing jobs is illegal. I suspect the others will follow before too much longer, if they haven't already. Their commercial real estate portfolios are tanking.
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Top TigerNet [30762]
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Re: Regarding Jamie Dimon reading the petitioners the riot act
Feb 14, 2025, 12:41 AM
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Good luck trying to prove that for companies bringing employees back to the office. This is nothing like price collusion or anything like that.
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All-Time Great [89014]
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Ring of Honor [23968]
TigerPulse: 100%
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Re: Regarding Jamie Dimon reading the petitioners the riot act
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Feb 14, 2025, 12:32 AM
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Ultimate Tiger [37261]
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Re: Regarding Jamie Dimon reading the petitioners the riot act
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Feb 14, 2025, 8:14 AM
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I drag my happyass out of bed every day at 530 and come up here to work and hustle all day. Used to be 430. Gosh it sure sounds tough though that people have to get dressed and show up for their 9-5 jobs where they might have a meeting to go to or an email to write. My condolences to them.
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All-Time Great [89014]
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I'd guess you also make about 5x what they do.***
Feb 14, 2025, 11:31 AM
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All-Time Great [89014]
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Eff this guy***
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Feb 14, 2025, 11:31 AM
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