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Fortune
Fortune
Amanda Gerut

JPMorgan CEO Jamie Dimon wants to cancel some DEI spending after the bank spent billions on racial equity — ‘I was never a firm believer in bias training’

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Lima, Peru, on Thursday, Nov. 14, 2024. (Credit: Manuel Orbegozo/Bloomberg via Getty Images)
  • JPMorgan Chase CEO and chairman Jamie Dimon is known for his candor and steadfast resolve in his approach to doing business. When he was asked in January about JPM’s DEI work and the potential for activists to use it to bully the bank, he said: “Bring them on. We are going to continue to reach out to the Black community, the Hispanic community, the LGBT community, the veterans community.” But his leaked comments reported this week struck a markedly different tone. 

JPMorgan Chase chairman and CEO Jamie Dimon isn’t all that sold on unconscious bias training and he might just be on his way to canceling it, according to comments reported by Bloomberg from a town hall in Ohio this week. 

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