Jamie Dimon, CEO of JP Morgan Chase, on Thursday knocked Democrats to carry forward variety, equity and inclusion (DEI) policies rather than “real -world” solutions.
“I have a lot of friends who are Democrats, and they are stupid,” Dimon said at a foreign-emergent program in Ireland, Bloomberg according to,
He said, “I always say that they have big hearts and small minds. They do not understand how the real world works. Almost every policy failed.”
Dimon argued that many people are focusing highly on dei.
Dimon said, “They overdide the dei. We were all dedicated to reaching the black community, Hispanic, LGBT community, the disabled – we do all this.”
“But to the extent, they got to stop it. And they found to go back to be more practical. They are very ideological,” said Fortune 500 CEO.
In March, Dimon’s company resumes its DEI efforts for diversity, opportunity and inclusion.
Chief Operating Officer Jane Peepszak wrote in a company Memo, “E ‘does not always mean equal opportunity for us, and we believe that it reflects our ongoing approach more accurately. Reported by Reuters,
This change came two months after President Trump issued an executive order to ban the DEI practices from the federal government and to encourage companies to eliminate similar efforts in the private sector.
Dimon on Thursday criticized the administration of former President Biden, which Biden was not “a business person”, he said he was left “speechless”, which he portrayed as “lack of knowledge” of the former President.
As the Democrats want to rebuild after facing a major defeat in 2024, the CEO suggested that they bend away from the candidates who are similar to Zoharan Mamdani, the candidate of New York City, who is a self-destructed democratic socialist who won the democratic nomination.
“He is more than Marxist than a socialist, and now you see these Democrats falling down, saying,” Well, he is pointing to some real problems, affordable housing and grocery prices. ” Okay, maybe, “Diman said, according to Bloomberg.” There is the same ideological meat which means nothing in the real world. “
