Power Point: Promote people you would work for

October 16, 2008, 12:42 AM UTC

“One of the questions I ask when we promote people is, “Would you like to work for that person yourself? Would you let your kid work for that person?’ Very often, companies promote people–they’re terrible. Management is hard.”

— JPMorgan Chase chairman and CEO Jamie Dimon on the Charlie Rose Show in July. Amidst today’s bloodbath in the market, JPMorgan Chase surprised Wall Street with a quarterly profit, and the stock is up in after-hours trading. Shawn Tully’s recent Fortune cover story on Dimon and his team explains how the best bankers in the the business keep delivering.

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