Evidence receipt / commitment
Published · transcript-backedSpeaker unverified: commitment
1 Oct 2025 Acquired Acquired Live at Radio City Music Hall (Presented by J.P. Morgan)
“Excuse me, which way back? I started this brand because I started being told no—no to my dreams.”
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- Speaker unverified
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- commitment
- Recorded
- 1 Oct 2025
- Publisher
- Acquired
Transcript context
…saying, "Oh God, we're just giving away too many secrets here!" But, so there are secrets as to... Why... I saw Howard Schultz here before, and I'm not supposed to say that. Probably it's okay, but... the consistency, the curiosity, the heart, the branch-by-branch products. It's just always doing that, knowing you're going to make mistakes, but building the culture that just plows through that. And you all know I do use sports. Sports is a great analogy. If you have a sports team with a bunch of real jerks on it, are they going to be a great team? Almost never. If the team members aren't giving it their best every day during practice? You heard Tom Brady: every day at practice, he worked hard. If people are not giving their best, you're *not* going to have a great team. And it's not that different in business. The difference is, in business, you can BS about it all the time, you can make up stories, but in sports, you see it on the playing field. Do they play as a team? Do they play together? They don't even have to be friends. They have to practice, know their teams. And so I do think companies have that. It's like a sauce that works. And you've seen it in lots of different companies, not just JPMorgan Chase. All right, we've got one last question for you. If you look back to 2008—which was a long time ago now—or to the 2001 to 2008 era, all of the other leaders that were involved in that era have long since retired. I think many folks within JPMorgan Chase have long since retired since then. It seems like you're working as hard as ever and in it as much as ever. Why are you still here? What keeps you going? Yeah. So I want to thank my wife, who's here too, who suffered through all this with me all these years and probably couldn't have done it without her. I don't know. But I do believe—my grandparents, all Greek immigrants. There we go. My grandparents were all Greek immigrants who didn't finish high school. But there's a Greek ethic, and you don't even realize you learn it from your parents, from the ground up. And Judy's parents, my wife's parents, were the same, which is: have a purpose. It could be art, it could be science, it could be military, it could be business, it could be just being a great parent, a great teacher. But have a purpose and then do the best you can; give it your all. Don't be one of those people who's complaining all the time. You give it your best and then treat everyone properly, everyone, including if there's a bully beating up on someone, you had to stand up for that someone. You were not allowed to let a bully do it. So, how you treat people, what you do. And so in my hierarchy of life, the most important thing is my family still is. The second thing is my country, because I think this country is the indispensable nation that brought freedom of speech, freedom of religion, freedom of enterprise, which we have to teach everywhere we go about how important it is. I don't think people fully understand it sometimes. And then my purpose, because my family doesn't want me home every day. And this is my contribution: through this company, I can help cities, states, schools, companies, employees. rstand it sometimes. And then my purpose, because my family doesn't want me home every day. And this is my contribution: through this company, I can help cities, states, schools, companies, employees. And I get the biggest kick out of that. And so that's what I do. And as long as I have the energy, I'm going to do it. I can't imagine. I don't play golf. One of my daughters said, "Dad, you need some hobbies." And I said, "I do! Hanging out with family, travel, barbecuing, wine." We now like whiskeys. And I love history. I think history is the greatest teacher of all time. Hiking. I can't play tennis anymore because of my back. But those are my hobbies. I don't buy fancy cars and stuff like that. But this gives me purpose in life beyond family and beyond country. Plus, I think this helps the country. I get to do a lot of things for our country that I just think are quite meaningful from this job. So when I'm done with this, I don't know, I'll teach and write. I may write a book like Andrew Ross Sorkin did. I'll do something, but I've got to do something. I'm not going to twiddle my thumbs and smell the flowers. There are a lot of people who have floated your name for political or policy roles over the years. There is only one job that could possibly impact the country on a bigger scale than you're currently doing. Do you agree? Yeah. Well, that's probably a great place to be. Jamie, thank you so much for joining us. David, Ben, these guys are great, by the way. So thank you. Jamie Dimon, everyone. Thank you. Appreciate it. Thank you. Well done. Thank you so much. Thank you. Jamie. Who got the truth? Is it you? Is it you? Is it you? Who got the truth now? Is it you? Is it you? Is it you? Only ServiceNow connects every corner of your business, putting AI to work for people. Every corner. Every corner. Nick. So, Kate in HR can focus on people, not processing. Patti in IT is using AI agents to deal with the small stuff so she can work on the big stuff. AI helps Jim solve customer problems before they become problems. Oh, so we all work better together. My work here is done. Excuse me, which way back? I started this brand because I started being told no—no to my dreams. So I didn't have any design experience, I didn't have any business experience, but I really had a sort of belief. Running a business is really challenging, but I love it. This is so wild that I actually. From a dream, started a business. We're Cheekbone Beauty. This is Super Ceramics. We're Finished That. We're Eastside Golf, and we're powered by Shopify. Ladies and gentlemen, welcome back. I'm Andrew Ross Sorkin, and this is a late-night edition of DealBook meets Squawk Box meets Acquired. Please welcome back to the stage Ben and David. Gentlemen. Andrew. Hello. Hello, hello. It's so great that you're here. We're glad to have you here. But why are you here? We've got this whole... I'm at the desk here. I'm used to being behind the desk. But we've got this late-night talk show with iconic New York company CEOs. We're going to be at the desk. Yeah. I had heard that you might be doing something with The New York Times. behind the desk. But we've got this late-night talk show with iconic New York company CEOs. We're going to be at the desk. Yeah. I had heard that you might be doing something with The New York Times. And I grew up there, and so I just wanted to help you with notes, questions, research, whatever you were working on. Yeah, that's why I sat down. No, no, I think we got it. We did a whole three-hour episode a few years ago about The New York Times. You don't need me for that. I really appreciate you coming though. It means a lot. Okay, if you know so much, can we just do a little quiz? Yeah, let's do a little quiz. Little New York quiz. We'll have everybody participate. Here's a big question for you. What year was The New York Times founded? 1851. Bingo. Bingo, bingo. That's top of mind. Who once defended the New York Times building from the rooftop with a gun? Yeah. Adolph Ochs. Nope, nope, nope, no, nope. That was the original co-founder of the paper, Henry Raymond. But Ochs gets you style points. He bought the paper, by the way, from Raymond. Okay, this one. I wonder if this whole room is going to know this one: What iconic New York location is named after The New York Times? Oh, Times Square. Of course. We have a billboard there.…
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