Power Point: Make sure they’re all truth-tellers

July 14, 2008, 10:58 PM UTC

“I was at a meeting the other day and somebody got up and said, ‘When you’re the boss, you have to make sure that you’ve got at least one person around who is the truth-teller.’ And I got up later and said, ‘One? If there are seven around me and six weren’t, I’d fire them.’ They should all be truth tellers.”

— JPMorgan Chase chairman and CEO Jamie Dimon on the Charlie Rose Show last Monday, July 7. Amidst the financial services meltdown, many power players are saying that Dimon, more frankly than most, is shining light on the harsh realities.