Jamie Dimon, head of the largest and powerful bank JP Morgan 10 rules for success

Every generation needs a revolution - an entrepreneurial revolution

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Jamie Dimon, chief of JP Morgan: if one customer is tortured, there are 100,000 probably tortured too - welcome complaints

Every generation needs a revolution - an entrepreneurial revolution

Jamie Dimon, the head of one of the largest bank in USA says you as CEO must welcome complaints as this moves you to listen and change your processes to serve the customers better.

Other admonition:

    1.  Get out from your desk and go around, (as in Gemba, or MBWA - manage by walking around)

    2.  Improve and learn;   stagnate or be left behind

Jamie Dimon - welcome complaints

Chase tentatively agrees to pay US govt $13 billion in fines (for saving Bear Stearns?)

From Bloomberg | October 20, 2013

JP Morgan Chase agreed to an unprecedented $13 billion in fines for allegedly being engaged in selling toxic mortgage securities during the 2008 financial crisis.  It was raised from $11 billion.   In the meantime, the criminal liability shall remain unresolved.

JP Morgan President Jaime Dimon personally discussed the deal with US Attorney General  Eric Holder.

The fine would be 1/2 of more than $21.2 billion that JP Morgan Chase earned last year..  Only 7 companies earned more than $13 billion in 2012 according to data compiled by Bloomberg.

It is odd that JP Morgan should face such a litigation. It acquired Bear Stearns which committed the felony, in order to stave off a financial crisis in 2008  It was a compassionate and kind act, and now JP the acquiring company must suffer

The fine has no relation to withdrawal and wire transfer limit being mentioned at Info.wars?