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Forbes
16-07-2025
- Business
- Forbes
Acquired Podcast Live At Radio City Hall NYC: Secret Guest Jamie Dimon
JPMorgan Chase Chairman and CEO Jamie Dimon discusses his business philosophy as the surprise guest ... More at the "Acquired" podcast's live show at Radio City Music Hall in New York on Tuesday, July 15, 2025. The worlds of high finance and new media collided tonight at Radio City Music Hall as the popular business podcast Acquired hosted its one-time only annual live show with a surprise guest who brought the sold-out crowd to its feet: JPMorgan Chase Chairman and CEO Jamie Dimon. In a wide-ranging near hour long interview with hosts Ben Gilbert and David Rosenthal, Dimon, the longest-tenured CEO on Wall Street, offered candid insights into the strategy that has made JPMorgan the largest U.S. bank, his personal motivations, and the "secret sauce" that drives the financial giant. The 'Fortress' and the 'Secret Sauce' Dimon explained the bank's success through its "fortress" principle, emphasizing a portfolio of interconnected businesses. "All of our businesses feed each other. There's no extraneous, we've gotten rid of everything that didn't fit a strategy" he said, contrasting JPMorgan's approach with competitors who diversified into less related areas like life insurance or truck leasing. "It's hard for people to understand the risk in each one of these businesses when you're spread so thinly." He attributed the bank's superior efficiency ratio, the metric showing it keeps about 15 cents more of every dollar in profit than its rivals, to relentless investment and a long-term perspective. "It is literally continuously investing and gaining business at the margin and not stopping," Dimon stated, adding that the company avoids chasing short-term gains by cutting investments in marketing, branches, or technology - but instead investing. "We kind of look right through the cycle," he said, before joking, "There's some secret sauce I'm not gonna tell you about." Purpose, Family, and Country The evening wasn't just about business strategy. Dimon, who has led the bank since 2006 and navigated it through the 2008 financial crisis, spoke about why he remains in the role long after his contemporaries have retired. "In my hierarchy of life, the most important thing is my family. Still is," he said. "The second thing is my country... And then my purpose is... this company. I can help cities, state schools, companies, employees, and I get the biggest kick out of that." He added, "As long as I have the energy, I'm gonna do it." When pressed about potential future roles in public service, a topic of frequent speculation, Dimon acknowledged the possibility of a job that could have a bigger impact on the country than his current one, but he left the thought unfinished, drawing applause from the audience. A Star-Studded Night The star power wasn't limited to Dimon. Later in the evening, Gilbert and Rosenthal welcomed Meredith Kopit Levien, CEO of The New York Times Company, and media billionaire Barry Diller to the stage. The audience itself was a who's who of the business world, with former Starbucks CEO Howard Schultz spotted among the attendees. For one night, the heart of the business world wasn't on Wall Street, but on the stage at Radio City. The full podcast episode is expected to be releases within the coming weeks. For more like this on Forbes, The Legacy Banks Quietly Building The Future Of Finance and The 3 Innovation Challenges Keeping Bank CEOs Awake At Night.
Time of India
04-06-2025
- Business
- Time of India
Nvidia becomes world's most valuable company, number 2 is....
Nvidia becomes world's most valuable company Nvidia has become the world's most valuable publicly traded company, overtaking Microsoft on Tuesday, June 3. The chipmaker's stock rose nearly 3% to $141.40, pushing its market value to $3.45 trillion. Microsoft, by comparison, ended the day with a market cap of $3.44 trillion. This isn't the first time Nvidia has topped the list. The company has been swapping places with Apple and Microsoft since June last year, and last held the top spot on January 24. Nvidia's rapid growth comes largely from its dominance in artificial intelligence chips , which are widely used in training advanced AI systems like ChatGPT. Big tech companies including Microsoft, Google, Amazon, Meta, Oracle, and Elon Musk's xAI have been buying Nvidia's AI chips in large numbers to power massive data centers. Last week, Nvidia reported strong earnings with sales of $44.06 billion in the first quarter — a 69% jump compared to the same time in 2024. When Nvidia CEO said starting a company is harder than it seems Nvidia CEO Jensen Hunag, along with Chris Malachowsky and Curtis Priem, founded Nvidia in 1993. Speaking on the Acquired Podcast recently, Huang was asked what type of company he would start if he had the chance to do it all over again. Responding to the question, he replied 'I wouldn't'. Adding further, he stated "Building a company and building Nvidia turned out to have been a million times harder than any of us expected it to be'. He continued: 'And at the time, if we realized the pain and suffering and just how vulnerable you're going to feel and the challenges that you're going to endure, the embarrassment and the shame, and the list of all the things that go wrong—I don't think anybody would start a company. Nobody in their right mind would do it'. You may like to watch: Samsung Galaxy S25 Edge: Quick review and AI features AI Masterclass for Students. Upskill Young Ones Today!– Join Now
