Corporate America has entered the era of the megamanager. For years now, employers have assigned more and more workers per boss in an effort to minimize the cost of managers and accelerate decision-making.
But there’s one titan of industry bucking that trend: JPMorgan Chase CEO Jamie Dimon. In his letter to shareholders, published Monday, the investment bank’s longtime chief executive praised the agility and ownership of small teams in military terms. “The teams needed to tackle [specific problems] should be small and authorized with the decision-making ability to move and act like Navy SEALs or the Army’s Delta Force,” he wrote. “This is trench warfare; it’s about fighting for every inch, moving quickly, and getting things done.”
