It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
Over the past several months I have written in my blog about corporate culture and more specifically, the banking culture. My point is that unless the senior leaders of the big banks take a good honest look at their culture, assess its strengths and weaknesses, and focus on building aligned, team based cultures, their ability to rebuild the “image of banking” and help grow the global economy will be significantly jeapordized.
After all, culture impacts performance and organizations are shadows of their leaders.
So recently I read an article about J.P. Morgan and CEO Jamie Dimon that gives me a giant clue about the current banking culture. JPMorgan Execs Are So Obsessed With Getting Close To Dimon, They Even Have A Chart. How do you react after reading this article?
Is this where you want to bank? Is this the group you want advising you on your next investment or acquisition? Are these the people we want guiding our global financial markets?
In my mind when leadership is more focused on getting close to the CEO than getting close to the customer, the end is near!
Tight Lines . . .
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