Working from home 'doesn't work for those who want to hustle' - JPMorgan CEO
By Elizabeth Dilts Marshall NEW YORK (Reuters) - Working from home does not work for everyone, especially those who want 'to hustle,' JPMorgan Chase & Co's chief executive said on Tuesday at a conference in New York. The largest American bank recently told it workers that it expects all U.S.-based employees back in offices on a rotational basis by early July, subject to current public health rules limiting office capacity to 50%
By Elizabeth Dilts Marshall
NEW YORK (Reuters) - Working from home does not work for everyone, especially those who want "to hustle," JPMorgan Chase & Co's chief executive said on Tuesday at a conference in New York.
The largest American bank recently told it workers that it expects all U.S.-based employees back in offices on a rotational basis by early July, subject to current public health rules limiting office capacity to 50%.
Bank CEO Jamie Dimon said he wants people back at work because exclusively working from home "doesn't work for young people."
"It doesn't work for those who want to hustle. It doesn't work for spontaneous idea generation. It doesn't work for culture," Dimon said at a conference hosted by the Wall Street Journal.
Dimon said he is open to some employees working from home a few days a week, a policy other banks like Deutsche Bank, HSBC and UBS are reportedly exploring.
But starting on May 17, Dimon said he wants employees bank in the office a few days a week to reacclimate themselves to the workplace after working from home for over a year during the COVID-19 pandemic.
Dimon's "get used to it" approach, which could include requiring employees get vaccinated, has faced a backlash. Dimon said he received a "nasty email" from an employee's wife who disagreed with the push to return to work.
"But that's life," Dimon said, saying the bank will be more competitive and work better for clients with employees meeting in person again.
"In my view, September, October, it will look just like it did before and everyone's going to be happy with it."
(Reporting by Elizabeth Dilts Marshall. Editing by Mark Potter)
This story has not been edited by Firstpost staff and is generated by auto-feed.
(Reuters) -Ximalaya, backed by China's Tencent Holdings, filed for an initial public offering (IPO) in the United States on Friday, cashing in on growing demand as more people tune in to podcasts while staying at home during the pandemic. China's Qiniu Ltd, a cloud-based platform-as-a-service provider backed by Alibaba Group Holding Ltd, also filed paperwork for a U.S. IPO
By Greg Roumeliotis (Reuters) - Donerail Group, an investment firm led by former activist hedge fund Starboard Value LP executive Will Wyatt, has amassed a stake in Turtle Beach Corp and is pushing the maker of gaming headsets to explore a sale, people familiar with the matter said on Friday. The move represents a bet that Turtle Beach could attract acquisition interest from peers such as Corsair Gaming Inc and GN Store Nord A/S, as the video game market continues to benefit from people looking for entertainment options at home during the COVID-19 pandemic
By John McCrank, Saqib Iqbal Ahmed and Lawrence Delevingne NEW YORK (Reuters) - Recent volatility in a handful of so-called meme stocks is putting the spotlight back on the tussle between individual investors and short sellers, months after a wild ride in GameStop captivated Wall Street’s attention. Stocks that have notched big swings this month include laser-manufacturer MicroVision Inc, a favorite on Reddit’s popular WallStreetBets forum, whose shares have risen as much as 170% since April 20 before tumbling in recent days