Get better at: Leading
Today’s move
Jamie Dimon, CEO of JPMorgan Chase, warns that insecurity undermines CEOs and other leaders.
Rather than pretending to have all the answers, strive to foster an environment where teammates feel safe to voice opinions and dissent.
Why it works
Dimon explains that insecure leaders make their direct reports uneasy about sharing negative news or questioning ideas. Over time, this builds a bubble that isolates them from internal realities.
Inviting others to share their view, conversely, demonstrates humility and confidence in a leader.
Try it today
In your next team meeting, close by asking colleagues, “What am I missing?”
Then simply listen to their responses.
Dimon notes he isn’t bothered by criticism and that a confident leader appreciates candid feedback.
The bottom line
Dimon consistently encourages staff to speak up. He said that for years he exits every JPMorgan board meeting so directors can discuss freely without him present. When leaders disagree with him, he directs them to present their case straight to the board.
Source
This insight comes from Themoneytimes’s reporting on Dimon’s views about insecure CEOs from his appearance on “The Master Investor Podcast with Wilfred Frost.” Read the full story about Dimon’s comments from Themoneytimes’s Georgia Hennessy here
It also incorporates Themoneytimes’s coverage on detecting a fragile ego, based on Dimon’s remarks and guidance from leadership experts. Read the full story in Themoneytimes’s Sarah Needleman here.