Home » Jamie Dimon urges companies to play bigger role in public policy issues
Jamie Dimon urges companies to play bigger role in public policy issues
MLB pulling All-Star Game from Georgia hitting small businesses
MLB pulling the All-Star game from Atlanta will hurt small businesses. FOX Business’ Ed Lawrence with more.
JPMorgan Chase CEO Jamie Dimon called on companies to get more involved in policy-making issues, writing in his annual shareholder letter that it's critical for businesses to act as a "responsible community citizen."
"Companies (like ours) have an extraordinary capability to help," Dimon said. "We help not just with funding but with developing strong public policy, which can have a greater impact on society than the collective effect of companies that are responsible community citizens locally."
The head of the nation's largest bank noted that JPMorgan is "fully engaged" in trying to solve some of the world's biggest problems, including climate change, poverty, economic development and racial inequality.
DELTA, JPMORGAN, COCA-COLA CEOs BLAST GEORGIA ELECTION LAW
He argued in the 66-page letter that businesses have a duty to elevate proposals from local communities, including mayors, governors, educators and major employers, as lawmakers in Washington and across the country "struggle with partisan gridlock and an inability to get big things done."
"We also believe that businesses' extraordinary capabilities are even more powerful when put to use in collaboration with governments' capabilities, particularly when seeking to solve our biggest economic and societal ills at the local level," he added.