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Give a banker twenty per cent of the profits on a thirty-times-levered book and he will take it to forty times, because the extra leverage is worth a quarter of his bonus.

Drawn from what Jamie Dimon said

Subjectmanagement

What this subject means

management Running the place: an executive's calendar, dissent, severance, and what a manager is actually for.

Mental modelIncentives

What Jamie Dimon actually said

Jamie Dimon 16 Jul 2025 Chairman and chief executive of JPMorgan Chase

So you if you look at the leverage in some of these securitization books and mortgage books if you have 30 times leverage and you're getting 20% of the profits you'll go to 40 times leverage. It's just going to it's literally will add you know 25% to your bonus.

Where this was said
Watch from 0:35:52 plays here
↗The Jamie Dimon Interview: How JP Morgan Became an $800 Billion Bankyoutube.com

16 Jul 2025 · video · 1h 06m · spoken · machine transcript

All 19 korrents from this recordingthis one is 10th

Added to korrents 7 Sept 2026 · How quotes work · Something wrong? Tell us

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