The leadership habit Jamie Dimon uses to show confidence
JPMorgan's CEO Jamie Dimon said secure leaders don't shy away from criticism. They encourage open dialogue.
Nathan Laine/Bloomberg via Getty Images; Ana Altchek; Alyssa Powell/BI
- Today's tip to get better at work: Become a more confident leader by showing humility.
- Jamie Dimon advises leaders to encourage open communication and be open to criticism.
- For decades, he's left every JPMorgan board meeting so directors can speak freely without him present.
Get better at: Leading
Today's move
Jamie Dimon, the CEO of JPMorgan Chase, said insecurity ruins CEOs and other leaders.
So instead of acting like you have all the answers, actively aim to create a space where others feel comfortable weighing in and disagreeing.
Why it works
Dimon said that insecure leaders make their reports uncomfortable about bringing them bad news or challenging their ideas. Eventually, this causes leaders to create a bubble around themselves and they become disconnected from what's going on inside their companies.
Encouraging others to share their perspective, on the other hand, signals humility and confidence in a leader.
Try it today
The next time you meet with your team, end the conversation by asking your peers, "What am I missing?"
Then just listen to what they have to say.
Dimon said that he isn't offended by complaints and that a secure leader values critical feedback.
The bottom line
Dimon actively encourages his employees to speak up. He said that for decades, he has left every JPMorgan board meeting so directors can talk without him. When executives disagree with him, he has them make their argument directly to the board.
Source
This insight is drawn from Business Insider's reporting of Dimon's take on insecure CEOs from his commentary on "The Master Investor Podcast with Wilfred Frost." Read the full story about Dimon's comments from Business Insider's Georgia Hennessy here
It also includes Business Insider's reporting on how to spot a fragile ego, based on Dimon's comments and advice from leadership experts. Read the full story in Business Insider's Sarah Needleman here.