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JAMIE DIMON: a??Alarm bellsa??a?? should be ringing in corporate boardrooms over the challenges facing our communities

JAMIE DIMON: a??Alarm bellsa??a?? should be ringing in corporate boardrooms over the challenges facing our communities
Brian Snyder/Reuters



Jamie Dimon is the chairman and CEO of JPMorgan Chase & Co.




In this op-ed, he writes that corporate boardrooms should be concerned about the grave challenges facing our communities, like growing inequality, the opioid crisis, and rising suicide rates.




Long-term business success depends on community success — and making this happen requires business leaders to buck short-termism that too often drives the markets.




Black Americans face a disproportionate opportunity gap when it comes to their careers, and JPMorgan Chase is addressing it with its Advancing Black Pathways initiative that began in early 2019.




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The trend line of human progress is unequivocally to the good, yet we still face serious challenges and deep divisions. People are disconnected from economic growth, and inequality has increased. For the first time in generations, life expectancy in the U.S. has reversed course, fueled by the opioid crisis and rising suicide rates.
These indicators should set alarm bells ringing not just in the halls of government and neighborhood meeting spots. They should be ringing in corporate boardrooms as well. Business cannot succeed in the face of challenges in our communities. On the contrary, long-term business success depends on community success.
When everyone has a fair shot at participating in and sharing in the rewards of growth, the economy will be stronger and society more cohesive. Making this happen requires business leaders to buck short-termism that too often drives the markets. Instead, we must take the long view. I've always made clear that the value our firm generates for our shareholders reflects decisions and investments made over years — not quarters — and in consideration of a broad set of factors.
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