Jamie Dimon Photo (source Company’s Website)
Jamie Dimon, the CEO of JPMorgan Chase, and his firm are both under fire from conservative pundit Robby Starbuck for supporting DEI – Diversity, Equity, and Inclusion – programs. This came after President Trump ordered an end to what he called “Illegal” DEI programs throughout the federal government.
Starbuck told Yahoo Finance, “JPMorgan … they are going to end up being a target for us.”
Robby Starbuck also charged that JPMorgan Chase engages in practices on gender identity that are “embarrassing” and “ludicrous” and alleged that it breaks the law by using what he said are illegal quotas in its hiring practices.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
In response to those who are going after his firm, a combative Jamie Dimon told CNBC, “Bring them on.”
Diversity, Equity, and Inclusion (DEI) refers to initiatives and policies aimed at fostering a more diverse, fair, and inclusive environment in workplaces, schools, and organizations.
InclusionHub, an organization helping businesses prioritize digital inclusion, says Diversity, Equity & Inclusion (DEI) encompasses the symbiotic relationship, philosophy and culture of acknowledging, embracing, supporting, and accepting those of all racial, sexual, gender, religious and socioeconomic backgrounds, among other differentiators.
But conservatives like Starbuck assert that DEI is bad for business and wastes the money of investors.
“At the end of the day, if you see the evidence that this is not making you money, or this is wasting you money, then you should get away from it,” he once said.
However, in his 2024 shareholder letter, Jamie Dimon stated that JPMorgan’s management team views its DEI policies as a catalyst for stronger business performance, broader economic prosperity for communities and nations, and increased long-term shareholder value.
On its website, JPMorgan declares that it supports “programs and policies to help underserved communities succeed. We know that building a stronger, more inclusive economy that benefits everyone is good for people, business and society.”
“Together, we’re working toward an equitable and inclusive culture for our employees and our business,” says JPMorgan Chase.
Robby Starbuck is a filmmaker, political commentator, and former music video director known for his conservative views. He gained prominence through his outspoken stance on political and cultural issues, particularly on social media. Starbuck previously worked in the entertainment industry, directing music videos for major artists before shifting his focus to politics. He attempted to run for Congress in Tennessee but faced legal challenges regarding his candidacy.
Jamie Dimon is an American billionaire business executive and banker who has been the chairman and chief executive officer (CEO) of JPMorgan Chase since 2005. He is considered one of the most powerful and influential people in the world.
Dimon was born in New York City in 1956. He graduated from Tufts University in 1978 and Harvard Business School in 1982. After working at Goldman Sachs and American Express, he joined Commercial Credit in 1988. In 1998, he became president of Travelers Group, and he oversaw its merger with Citicorp in 1999.
In 2005, Jamie Dimon became CEO of JPMorgan Chase. He steered the bank through the financial crisis of 2008, and he has since grown it into the largest bank in the United States by assets. Dimon is a controversial figure, but he is widely respected for his business acumen and his leadership.
