title
The David Rubenstein Show: JPMorgan CEO Jamie Dimon

description
"The David Rubenstein Show: Peer-to-Peer Conversations" explores successful leadership through the personal and professional choices of the most influential people in business. Renowned financier and philanthropist David Rubenstein travels the country talking to leaders to uncover their stories and their path to success. The third episode of season two features JPMorgan Chase & Co. CEO Jamie Dimon. The interview taped Sept. 12, 2016.

detail
{'title': 'The David Rubenstein Show: JPMorgan CEO Jamie Dimon', 'heatmap': [{'end': 827.983, 'start': 790.405, 'weight': 1}], 'summary': "The david rubenstein show features jpmorgan ceo jamie dimon discussing his career journey, finance decisions, u.s. economy challenges, brexit's impact on finance, and the significance of collaborative policy for economic growth and stability.", 'chapters': [{'end': 115.232, 'segs': [{'end': 115.232, 'src': 'embed', 'start': 52.205, 'weight': 0, 'content': [{'end': 53.746, 'text': "I don't consider myself a journalist.", 'start': 52.205, 'duration': 1.541}, {'end': 56.967, 'text': 'And nobody else would consider myself a journalist.', 'start': 54.966, 'duration': 2.001}, {'end': 63.349, 'text': 'I began to take on the life of being an interviewer, even though I have a day job of running a private equity firm.', 'start': 57.707, 'duration': 5.642}, {'end': 76.278, 'text': "How do you define leadership? What is it that makes somebody tick? James, let's talk about your background a moment.", 'start': 66.07, 'duration': 10.208}, {'end': 77.379, 'text': 'You started out.', 'start': 76.418, 'duration': 0.961}, {'end': 83.424, 'text': 'your father was a stockbroker and you started out with some background in this area.', 'start': 77.379, 'duration': 6.045}, {'end': 85.266, 'text': 'but did you ever consider going into banking?', 'start': 83.424, 'duration': 1.842}, {'end': 87.528, 'text': 'Was that always what you wanted to do when you went to Harvard Business School??', 'start': 85.286, 'duration': 2.242}, {'end': 87.788, 'text': 'No,', 'start': 87.588, 'duration': 0.2}, {'end': 89.97, 'text': "I knew more what I didn't want to do.", 'start': 88.149, 'duration': 1.821}, {'end': 92.653, 'text': "I didn't want to be a lawyer, and I didn't want to be a doctor, and I didn't want.", 'start': 90.231, 'duration': 2.422}, {'end': 94.655, 'text': 'I want to be part of building something.', 'start': 93.093, 'duration': 1.562}, {'end': 99.38, 'text': 'Obviously, I grew up around stockbrokers and Wall Street and stuff like that.', 'start': 94.675, 'duration': 4.705}, {'end': 103.946, 'text': 'My dad, who passed away recently, gave me, you should all try this one day.', 'start': 99.801, 'duration': 4.145}, {'end': 104.847, 'text': 'Get an annual report.', 'start': 104.026, 'duration': 0.821}, {'end': 107.009, 'text': 'Rip out the part that has the price in it.', 'start': 105.447, 'duration': 1.562}, {'end': 112.892, 'text': "Analyze it and say we'd pay for the stock and you'll be immediately humbled Immediately.", 'start': 107.95, 'duration': 4.942}, {'end': 113.772, 'text': 'do it a couple of times.', 'start': 112.892, 'duration': 0.88}, {'end': 115.232, 'text': 'and so I was always.', 'start': 113.772, 'duration': 1.46}], 'summary': 'Interviewer with finance background shares insights on leadership and career choices.', 'duration': 63.027, 'max_score': 52.205, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/BgYQj4gVkWQ/pics/BgYQj4gVkWQ52205.jpg'}], 'start': 3.513, 'title': "James' career in business", 'summary': "Covers james' career journey, including his early influences, work experiences, and views on leadership and politics.", 'chapters': [{'end': 115.232, 'start': 3.513, 'title': "James' career in business", 'summary': "Covers james' career journey, including his early influences, work experiences, and views on leadership and politics.", 'duration': 111.719, 'highlights': ['James discusses his career journey, including his decision to not pursue law or medicine, and his preference for building something meaningful.', "James reflects on his father's advice about analyzing annual reports, highlighting the humbling experience and the importance of understanding stock prices.", 'James shares his perspective on business and leadership, emphasizing the value of being part of building something and the traits that define effective leadership.']}], 'duration': 111.719, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/BgYQj4gVkWQ/pics/BgYQj4gVkWQ3513.jpg', 'highlights': ['James shares his perspective on business and leadership, emphasizing the value of being part of building something and the traits that define effective leadership.', 'James discusses his career journey, including his decision to not pursue law or medicine, and his preference for building something meaningful.', "James reflects on his father's advice about analyzing annual reports, highlighting the humbling experience and the importance of understanding stock prices."]}, {'end': 529.358, 'segs': [{'end': 159.122, 'src': 'embed', 'start': 132.378, 'weight': 4, 'content': [{'end': 136.982, 'text': "but I Normally, if somebody's a Baker Scholar at Harvard Business School, they can pick almost any job they want.", 'start': 132.378, 'duration': 4.604}, {'end': 139.124, 'text': 'You could have gone to Goldman Sachs, which is a great firm.', 'start': 137.062, 'duration': 2.062}, {'end': 141.085, 'text': 'You chose to go work for Sandy Weil.', 'start': 139.384, 'duration': 1.701}, {'end': 144.288, 'text': 'Why did you do that? Sandy, he had a small broker.', 'start': 141.125, 'duration': 3.163}, {'end': 146.49, 'text': 'Brokers were really sold to the American Express at the time.', 'start': 144.649, 'duration': 1.841}, {'end': 149.573, 'text': 'I found he was kind of down to earth.', 'start': 146.51, 'duration': 3.063}, {'end': 155.719, 'text': 'He had offered me to go to Shearson their investment bank, I said no, because I had offers from Goldman Sachs, Morgan, Stanley, and Lehman.', 'start': 149.913, 'duration': 5.806}, {'end': 159.122, 'text': "I said, you know, I'd learn a lot more at these other places than at Shearson.", 'start': 156.68, 'duration': 2.442}], 'summary': 'Harvard baker scholar chose to work for sandy weil over goldman sachs due to down-to-earth nature and learning potential at other firms.', 'duration': 26.744, 'max_score': 132.378, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/BgYQj4gVkWQ/pics/BgYQj4gVkWQ132378.jpg'}, {'end': 222.497, 'src': 'embed', 'start': 198.061, 'weight': 0, 'content': [{'end': 204.425, 'text': 'a small international bank that made loans which all went bankrupt, called Less Developed Country Loans, a property casualty company,', 'start': 198.061, 'duration': 6.364}, {'end': 205.446, 'text': 'a small life insurance company.', 'start': 204.425, 'duration': 1.021}, {'end': 208.128, 'text': 'And that company is the same company that became Citi.', 'start': 205.686, 'duration': 2.442}, {'end': 218.194, 'text': "And over those 12 years we bought so these names you'll recognize Primerica Smith, Barney Shearson, Solomon Brothers, Aetna, Property Casualty,", 'start': 208.808, 'duration': 9.386}, {'end': 222.497, 'text': 'Travis Life Travis, Property Casualty, and it was a conglomerate.', 'start': 218.194, 'duration': 4.303}], 'summary': 'A small bank, now citi, acquired several companies over 12 years including primerica, smith barney, and aetna.', 'duration': 24.436, 'max_score': 198.061, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/BgYQj4gVkWQ/pics/BgYQj4gVkWQ198061.jpg'}, {'end': 318.038, 'src': 'embed', 'start': 289.266, 'weight': 1, 'content': [{'end': 291.269, 'text': 'Right, after you were fired, you had a small office there.', 'start': 289.266, 'duration': 2.003}, {'end': 292.21, 'text': 'I was fired.', 'start': 291.309, 'duration': 0.901}, {'end': 295.353, 'text': 'I mean, this shows you how stupid corporate America gets when you have.', 'start': 292.23, 'duration': 3.123}, {'end': 301.495, 'text': 'The company had been set up that we had co-chairman and co-CEO John Reed and Sandy Weil.', 'start': 297.174, 'duration': 4.321}, {'end': 306.796, 'text': 'I was going to be the president and run the Global Corporate Investment Bank and other jobs.', 'start': 301.895, 'duration': 4.901}, {'end': 311.357, 'text': 'Because those turmoil among management deals are very tough.', 'start': 307.536, 'duration': 3.821}, {'end': 318.038, 'text': 'we had tri-heads of the Global Corporate Bank, co-heads of asset management, co-heads of consumer and all the staff units.', 'start': 311.357, 'duration': 6.681}], 'summary': 'Post-firing, the company had multiple co-chairmen and co-ceos, causing turmoil among management.', 'duration': 28.772, 'max_score': 289.266, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/BgYQj4gVkWQ/pics/BgYQj4gVkWQ289266.jpg'}, {'end': 394.869, 'src': 'embed', 'start': 367.806, 'weight': 2, 'content': [{'end': 371.228, 'text': 'I think you were offered the CEO of Home Depot or things like that.', 'start': 367.806, 'duration': 3.422}, {'end': 376.351, 'text': 'I was offered Home Depot and a couple of big international investment banks.', 'start': 371.468, 'duration': 4.883}, {'end': 378.292, 'text': 'Not to run the parent company, run the investment bank.', 'start': 376.391, 'duration': 1.901}, {'end': 381.415, 'text': "Hank Greenberg, who ran AIG, said why don't you come over here?", 'start': 378.712, 'duration': 2.703}, {'end': 384.178, 'text': 'And all I could think of myself is to go from Sandy Wild to Hank Greenberg?', 'start': 381.435, 'duration': 2.743}, {'end': 387.701, 'text': "I mean you'd have to have your head checked.", 'start': 384.498, 'duration': 3.203}, {'end': 389.663, 'text': 'A bunch of private equity folks.', 'start': 387.721, 'duration': 1.942}, {'end': 392.967, 'text': 'Jeff Bezos called me up, and he was looking for a president.', 'start': 390.064, 'duration': 2.903}, {'end': 394.869, 'text': "I love the guy, and we've been friends ever since.", 'start': 393.047, 'duration': 1.822}], 'summary': 'Received offers from home depot, international investment banks, aig, private equity, and was approached by jeff bezos for president role.', 'duration': 27.063, 'max_score': 367.806, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/BgYQj4gVkWQ/pics/BgYQj4gVkWQ367806.jpg'}, {'end': 486.552, 'src': 'embed', 'start': 455.811, 'weight': 3, 'content': [{'end': 457.873, 'text': "And of course it's probably going to be a troubled one.", 'start': 455.811, 'duration': 2.062}, {'end': 459.834, 'text': 'So I said, this is my commercial credit.', 'start': 458.173, 'duration': 1.661}, {'end': 460.875, 'text': "It'll be what we make it.", 'start': 459.894, 'duration': 0.981}, {'end': 463.017, 'text': 'And I put a lot of my money into it.', 'start': 460.935, 'duration': 2.082}, {'end': 466.24, 'text': 'not because I thought the stock was cheap, because I thought that you know what?', 'start': 463.017, 'duration': 3.223}, {'end': 469.703, 'text': 'I look at business like I wear the damn jersey.', 'start': 466.74, 'duration': 2.963}, {'end': 471.484, 'text': "I'm not a hired gun.", 'start': 470.283, 'duration': 1.201}, {'end': 476.547, 'text': "Okay, I'm going to bleed for the company and give it everything I got and hand it off to someone else.", 'start': 472.245, 'duration': 4.302}, {'end': 479.709, 'text': "So I don't like people working at a company that act like, they talk about like it's a third party.", 'start': 476.567, 'duration': 3.142}, {'end': 480.909, 'text': "It's not a third party to me.", 'start': 479.909, 'duration': 1}, {'end': 482.03, 'text': 'This is what I do.', 'start': 481.41, 'duration': 0.62}, {'end': 486.552, 'text': "So, when you went to Bank One, though, did you ever expect you'd move back to New York?", 'start': 482.57, 'duration': 3.982}], 'summary': 'Invested personal money, committed to company success, emphasizes personal involvement.', 'duration': 30.741, 'max_score': 455.811, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/BgYQj4gVkWQ/pics/BgYQj4gVkWQ455811.jpg'}], 'start': 115.232, 'title': "Finance career and jamie dimon's journey", 'summary': "Discusses speaker's finance career decision, choosing sandy weil over prestigious firms and jamie dimon's journey from building commercial credit to merging with citi, emphasizing dedication and principles in business.", 'chapters': [{'end': 179.562, 'start': 115.232, 'title': 'Building a career in finance', 'summary': "Discusses the speaker's decision to pursue a career in finance, choosing to work for sandy weil over prestigious firms like goldman sachs and the valuable learning experience gained from the decision.", 'duration': 64.33, 'highlights': ["The speaker chose to work for Sandy Weil over prestigious firms like Goldman Sachs, Morgan Stanley, and Lehman, emphasizing the value of the learning experience over the firm's reputation.", "The speaker's decision led to valuable learning experiences, as he was offered a bunch of jobs after leaving American Express with Sandy Weil."]}, {'end': 529.358, 'start': 179.582, 'title': "Jamie dimon's journey to building citi", 'summary': "Highlights jamie dimon's journey, from building commercial credit to merging with citi, his subsequent firing, and the offers he received thereafter, emphasizing his dedication and principles in business.", 'duration': 349.776, 'highlights': ["Jamie Dimon's pivotal role in building Commercial Credit, which evolved into Citi, acquiring several well-known companies and merging with Citi over 12 years.", "Dimon's confrontation with Sandy Weil post-firing, where he expressed his disagreement with the company's direction and emphasized the importance of client and employee satisfaction.", "Dimon's refusal of prominent job offers after his firing, including CEO roles at Home Depot and international investment banks, showcasing his principles and dedication to his work.", "Dimon's analogy of wearing the 'damn jersey' for the company, signifying his commitment and dedication to the organizations he works for."]}], 'duration': 414.126, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/BgYQj4gVkWQ/pics/BgYQj4gVkWQ115232.jpg', 'highlights': ["Jamie Dimon's pivotal role in building Commercial Credit, which evolved into Citi, acquiring several well-known companies and merging with Citi over 12 years.", "Dimon's confrontation with Sandy Weil post-firing, where he expressed his disagreement with the company's direction and emphasized the importance of client and employee satisfaction.", "Dimon's refusal of prominent job offers after his firing, including CEO roles at Home Depot and international investment banks, showcasing his principles and dedication to his work.", "Dimon's analogy of wearing the 'damn jersey' for the company, signifying his commitment and dedication to the organizations he works for.", "The speaker's decision led to valuable learning experiences, as he was offered a bunch of jobs after leaving American Express with Sandy Weil.", "The speaker chose to work for Sandy Weil over prestigious firms like Goldman Sachs, Morgan Stanley, and Lehman, emphasizing the value of the learning experience over the firm's reputation."]}, {'end': 1176.728, 'segs': [{'end': 612.143, 'src': 'embed', 'start': 529.398, 'weight': 0, 'content': [{'end': 532.179, 'text': 'I thought, you know, I remember the banking industry was consolidating.', 'start': 529.398, 'duration': 2.781}, {'end': 533.539, 'text': "It's still kind of consolidating.", 'start': 532.219, 'duration': 1.32}, {'end': 536.401, 'text': "So I knew that if I did a good job, I'd probably be part of that.", 'start': 533.8, 'duration': 2.601}, {'end': 541.443, 'text': "But I didn't know whether I'd be an acquirer, building up a bigger regional bank, or be an acquirer.", 'start': 536.681, 'duration': 4.762}, {'end': 542.544, 'text': "But remember, that's not up to me.", 'start': 541.483, 'duration': 1.061}, {'end': 543.844, 'text': "It's also up to a board of directors.", 'start': 542.584, 'duration': 1.26}, {'end': 549.727, 'text': 'So to me, the thing is make the company as good as you can, and it actually creates all the opportunities you have.', 'start': 544.524, 'duration': 5.203}, {'end': 559.335, 'text': "Wouldn't you say right now the U.S. economy is in reasonable shape? America has the best hand ever dealt of any country on this planet today ever.", 'start': 550.627, 'duration': 8.708}, {'end': 573.787, 'text': 'What would you advise to get the economy growing at a better clip?', 'start': 571.165, 'duration': 2.622}, {'end': 581.896, 'text': "So there are serious issues the country has and they're not Republican or Democrat.", 'start': 576.59, 'duration': 5.306}, {'end': 583.678, 'text': "They're not left or right.", 'start': 582.277, 'duration': 1.401}, {'end': 586.381, 'text': "They're the issues that we kind of talk about, we know about.", 'start': 584.079, 'duration': 2.302}, {'end': 588.023, 'text': "So immigration, I won't spend a lot of time on.", 'start': 586.401, 'duration': 1.622}, {'end': 591.067, 'text': 'Schumer and McCain already had a fabulous bill which should be passed.', 'start': 588.584, 'duration': 2.483}, {'end': 593.63, 'text': 'Inner-city school education is a disgrace.', 'start': 591.467, 'duration': 2.163}, {'end': 595.212, 'text': 'We should be ringing an alarm bell.', 'start': 593.65, 'duration': 1.562}, {'end': 602.577, 'text': 'Over 50% of the kids in inner-city schools do not graduate, and even those who do are not necessarily qualified to have a job.', 'start': 595.812, 'duration': 6.765}, {'end': 608.521, 'text': "And schools and those who create jobs should work together to make sure that that certificate, whether it's high school,", 'start': 603.037, 'duration': 5.484}, {'end': 612.143, 'text': 'vocational or community college or college, ends up in a job.', 'start': 608.521, 'duration': 3.622}], 'summary': "Banking industry consolidation, u.s. economy's strength, addressing education and immigration issues for economic growth.", 'duration': 82.745, 'max_score': 529.398, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/BgYQj4gVkWQ/pics/BgYQj4gVkWQ529398.jpg'}, {'end': 675.353, 'src': 'embed', 'start': 648.052, 'weight': 2, 'content': [{'end': 653.801, 'text': "like you're talking about $100 to $150 billion more a year, which is almost a drop in the bucket, and I'm talking about transportation tunnels,", 'start': 648.052, 'duration': 5.749}, {'end': 655.363, 'text': 'bridges, roads, airports.', 'start': 653.801, 'duration': 1.562}, {'end': 660.711, 'text': "The Republicans are right when they're afraid of just raising taxes to do more government spending.", 'start': 656.084, 'duration': 4.627}, {'end': 666.644, 'text': 'You know, and they just hear that great sucking sound of Washington, bridges to nowhere, more crony capitalism.', 'start': 661.698, 'duration': 4.946}, {'end': 669.707, 'text': 'This is a perfect place to get the people in the room.', 'start': 666.924, 'duration': 2.783}, {'end': 675.353, 'text': "ask the Republicans how can we do this in a way that you would approve it that you know we're building bridges we actually need.", 'start': 669.707, 'duration': 5.646}], 'summary': 'Proposing $100 to $150 billion yearly for infrastructure without raising taxes, focusing on necessary bridges and transportation projects.', 'duration': 27.301, 'max_score': 648.052, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/BgYQj4gVkWQ/pics/BgYQj4gVkWQ648052.jpg'}, {'end': 731.365, 'src': 'embed', 'start': 705.594, 'weight': 4, 'content': [{'end': 709.936, 'text': 'So we should be very thoughtful about policy, that we get it right, and not just over-politicize.', 'start': 705.594, 'duration': 4.342}, {'end': 711.837, 'text': 'We really damage ourselves when we do that.', 'start': 709.976, 'duration': 1.861}, {'end': 718.38, 'text': 'So you come to Washington from time to time to meet regulators and legislators, and what kind of experience is that for you?', 'start': 712.097, 'duration': 6.283}, {'end': 723.722, 'text': 'I you know.', 'start': 722.481, 'duration': 1.241}, {'end': 727.483, 'text': "first of all, I think it's important that business get involved in Washington.", 'start': 723.722, 'duration': 3.761}, {'end': 729.744, 'text': "So I'm not a person who says you never go there.", 'start': 727.523, 'duration': 2.221}, {'end': 731.365, 'text': 'You know, policy is set here.', 'start': 730.144, 'duration': 1.221}], 'summary': 'Business involvement in washington is important for setting policy and avoiding over-politicization.', 'duration': 25.771, 'max_score': 705.594, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/BgYQj4gVkWQ/pics/BgYQj4gVkWQ705594.jpg'}, {'end': 827.983, 'src': 'heatmap', 'start': 790.405, 'weight': 1, 'content': [{'end': 792.585, 'text': 'And that does not appeal to the American public.', 'start': 790.405, 'duration': 2.18}, {'end': 794.366, 'text': "It doesn't help politicians get things done.", 'start': 792.625, 'duration': 1.741}, {'end': 795.486, 'text': "And that's what I'm saying.", 'start': 794.406, 'duration': 1.08}, {'end': 801.167, 'text': 'And earning them tax credit, taxing your carrying interest a little bit, those would be good things for America.', 'start': 795.526, 'duration': 5.641}, {'end': 808.398, 'text': 'We should do that and help them at the lower end with education, income assistance, all those things we need, but have corporate tax reform.', 'start': 802.15, 'duration': 6.248}, {'end': 810.221, 'text': "Well, that's the interview's over.", 'start': 809.099, 'duration': 1.122}, {'end': 817.478, 'text': 'You can afford it, David, okay? on the economy.', 'start': 810.241, 'duration': 7.237}, {'end': 820.22, 'text': 'You get data from all over the world that J.P.', 'start': 818.039, 'duration': 2.181}, {'end': 820.68, 'text': 'Morgan gets.', 'start': 820.24, 'duration': 0.44}, {'end': 824.882, 'text': "Wouldn't you say right now the U.S. economy is in reasonable shape?", 'start': 821.32, 'duration': 3.562}, {'end': 827.983, 'text': 'Yeah, when we look at the economy, I always look what are the potholes?', 'start': 825.302, 'duration': 2.681}], 'summary': 'Advocates for tax credits, corporate tax reform, and economic stability in the u.s.', 'duration': 37.578, 'max_score': 790.405, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/BgYQj4gVkWQ/pics/BgYQj4gVkWQ790405.jpg'}, {'end': 1062.857, 'src': 'embed', 'start': 1034.226, 'weight': 7, 'content': [{'end': 1048.476, 'text': 'So do you think the country is better off for having Dodd-Frank now or not? Look, the banking system is in enormous strength.', 'start': 1034.226, 'duration': 14.25}, {'end': 1049.637, 'text': 'We do the stress test.', 'start': 1048.777, 'duration': 0.86}, {'end': 1051.078, 'text': "I'm very much in favor of stress tests.", 'start': 1049.677, 'duration': 1.401}, {'end': 1054.201, 'text': 'J.P Morgan has $500 billion of capital today.', 'start': 1051.399, 'duration': 2.802}, {'end': 1059.965, 'text': 'That capital is enough to bear the stress losses of all 31 SIFI banks, all of them.', 'start': 1054.841, 'duration': 5.124}, {'end': 1062.857, 'text': 'The whole banking system in America is recovered.', 'start': 1060.936, 'duration': 1.921}], 'summary': 'Dodd-frank has strengthened the banking system, with j.p morgan having $500 billion capital and capable of bearing stress losses of all 31 sifi banks.', 'duration': 28.631, 'max_score': 1034.226, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/BgYQj4gVkWQ/pics/BgYQj4gVkWQ1034226.jpg'}], 'start': 529.398, 'title': 'Challenges and opportunities in the u.s. economy', 'summary': "Analyzes potential consolidation in the banking industry, emphasizes performance-driven opportunities, and addresses critical u.s. economy issues like immigration and inner-city education. it also delves into tax reform complexities, infrastructure investment, dodd-frank's impact, and the significance of collaborative policy for economic growth and stability.", 'chapters': [{'end': 612.143, 'start': 529.398, 'title': 'Challenges and opportunities in the u.s. economy', 'summary': 'Discusses the potential for consolidation in the banking industry, emphasizes the importance of creating opportunities through company performance, and highlights critical issues in the u.s. economy, including immigration and inner-city education.', 'duration': 82.745, 'highlights': ['Inner-city school education is a major concern, with over 50% of students not graduating, emphasizing the need for collaboration between schools and job creators to ensure that education leads to employment.', 'The U.S. economy is recognized as being in reasonable shape, with the potential for growth, and the country is seen as having the best hand dealt of any nation on the planet.', 'Discussion on the need for a comprehensive immigration solution and the endorsement of a proposed bill by Schumer and McCain to address the issue.', "The speaker's anticipation of being part of the consolidation in the banking industry, with the uncertainty of whether they would be an acquirer or be acquired, and the acknowledgment that the decision is up to the board of directors."]}, {'end': 1176.728, 'start': 612.564, 'title': 'Tax reform and economic policy', 'summary': 'Discusses the complexities of tax reform, the need for infrastructure investment, the strength of the us economy, and the impact of dodd-frank, emphasizing the importance of thoughtful policy and collaboration in driving economic growth and stability.', 'duration': 564.164, 'highlights': ['The US economy has the best hand ever dealt of any country on this planet today ever, with peaceful neighbors, strong military barriers, abundant resources, top universities, and exceptional work ethic. The speaker emphasizes the strengths of the US economy, highlighting peaceful neighbors, strong military barriers, abundant resources, top universities, and exceptional work ethic.', 'The need for $100 to $150 billion more a year for infrastructure investment in transportation tunnels, bridges, roads, and airports is emphasized. The chapter stresses the need for increased infrastructure investment in transportation tunnels, bridges, roads, and airports, estimating a required annual amount of $100 to $150 billion.', 'The impact of Dodd-Frank on the banking system is discussed, with an emphasis on its strengths and flaws, and the need for rational review and potential changes. The chapter discusses the impact of Dodd-Frank on the banking system, highlighting its strengths, flaws, and the need for rational review and potential changes in its provisions.', 'The importance of thoughtful policy, collaboration, and not over-politicizing decisions is stressed for driving economic growth and stability. The speaker emphasizes the importance of thoughtful policy, collaboration, and avoiding over-politicizing decisions in driving economic growth and stability.']}], 'duration': 647.33, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/BgYQj4gVkWQ/pics/BgYQj4gVkWQ529398.jpg', 'highlights': ['The U.S. economy is recognized as being in reasonable shape, with the potential for growth, and the country is seen as having the best hand dealt of any nation on the planet.', 'The US economy has the best hand ever dealt of any country on this planet today ever, with peaceful neighbors, strong military barriers, abundant resources, top universities, and exceptional work ethic.', 'The need for $100 to $150 billion more a year for infrastructure investment in transportation tunnels, bridges, roads, and airports is emphasized.', 'Discussion on the need for a comprehensive immigration solution and the endorsement of a proposed bill by Schumer and McCain to address the issue.', 'The importance of thoughtful policy, collaboration, and not over-politicizing decisions is stressed for driving economic growth and stability.', 'Inner-city school education is a major concern, with over 50% of students not graduating, emphasizing the need for collaboration between schools and job creators to ensure that education leads to employment.', "The speaker's anticipation of being part of the consolidation in the banking industry, with the uncertainty of whether they would be an acquirer or be acquired, and the acknowledgment that the decision is up to the board of directors.", 'The impact of Dodd-Frank on the banking system is discussed, with an emphasis on its strengths and flaws, and the need for rational review and potential changes.']}, {'end': 1460.673, 'segs': [{'end': 1201.82, 'src': 'embed', 'start': 1176.728, 'weight': 0, 'content': [{'end': 1182.331, 'text': "They're not going to get away with that because the Eurozone is kind of angry, and they want to keep the Eurozone together.", 'start': 1176.728, 'duration': 5.603}, {'end': 1186.973, 'text': "And they're saying you're not going to have free access to our markets without free movement of people.", 'start': 1182.651, 'duration': 4.322}, {'end': 1191.155, 'text': "That's exactly why people in Britain voted against it for Brexit.", 'start': 1187.233, 'duration': 3.922}, {'end': 1192.916, 'text': "Well, I wasn't for it.", 'start': 1191.175, 'duration': 1.741}, {'end': 1194.377, 'text': 'There was logic for it.', 'start': 1193.296, 'duration': 1.081}, {'end': 1201.82, 'text': 'Their logic was, why tether yourself to sclerotic Europe? You know, where Brussels is passing rules that affect British citizens, and that was true.', 'start': 1194.397, 'duration': 7.423}], 'summary': 'Eurozone wants to maintain unity, linking market access to free movement of people. brexit was a response to this issue.', 'duration': 25.092, 'max_score': 1176.728, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/BgYQj4gVkWQ/pics/BgYQj4gVkWQ1176728.jpg'}, {'end': 1242.624, 'src': 'embed', 'start': 1211.794, 'weight': 1, 'content': [{'end': 1216.38, 'text': 'What worries me the most about Brexit, is that it caused the Eurozone itself to unravel.', 'start': 1211.794, 'duration': 4.586}, {'end': 1220.183, 'text': "You have elections in France and Germany, so you don't even know who the leadership is.", 'start': 1216.66, 'duration': 3.523}, {'end': 1224.267, 'text': 'You have the same kind of populism surfacing over there than you have over here.', 'start': 1220.203, 'duration': 4.064}, {'end': 1225.488, 'text': "It's tough.", 'start': 1224.847, 'duration': 0.641}, {'end': 1232.013, 'text': 'And if you see the Eurozone unravel, that has potential catastrophic issues associated with it.', 'start': 1225.988, 'duration': 6.025}, {'end': 1235.577, 'text': 'It may be just a big recession, it could be worse than that.', 'start': 1233.034, 'duration': 2.543}, {'end': 1242.624, 'text': "You know what that continent's been through for hundreds of years, and to me, keeping the union together would be a better outcome.", 'start': 1235.977, 'duration': 6.647}], 'summary': 'Brexit led to eurozone unraveling, with potential catastrophic impact, including a big recession or worse.', 'duration': 30.83, 'max_score': 1211.794, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/BgYQj4gVkWQ/pics/BgYQj4gVkWQ1211794.jpg'}, {'end': 1305.123, 'src': 'embed', 'start': 1271.363, 'weight': 3, 'content': [{'end': 1272.364, 'text': 'Tough part of the world, folks.', 'start': 1271.363, 'duration': 1.001}, {'end': 1276.927, 'text': "And that changes people's mindset when it comes to managing your country, et cetera.", 'start': 1272.964, 'duration': 3.963}, {'end': 1279.569, 'text': 'So Europe is behind us.', 'start': 1277.647, 'duration': 1.922}, {'end': 1282.39, 'text': "They still haven't fixed their capital, their profitability.", 'start': 1279.929, 'duration': 2.461}, {'end': 1286.573, 'text': "It's much more important to the financial system in Europe than it is here.", 'start': 1283.691, 'duration': 2.882}, {'end': 1288.795, 'text': "It's 70, 80% of the financial system there.", 'start': 1286.974, 'duration': 1.821}, {'end': 1291.216, 'text': "Here it's like 20 or 30%.", 'start': 1288.815, 'duration': 2.401}, {'end': 1297.941, 'text': 'But I think if I was running the European government, if you were a dictator, I would lay off them at this point.', 'start': 1291.216, 'duration': 6.725}, {'end': 1299.022, 'text': 'Let them do their jobs.', 'start': 1298.161, 'duration': 0.861}, {'end': 1305.123, 'text': 'I mean, pounding them eight years later is, in my opinion, is causing Europe to grow a lot slower than it would otherwise grow.', 'start': 1299.642, 'duration': 5.481}], 'summary': "Europe's financial system is 70-80% of the economy, but facing slower growth due to external pressures.", 'duration': 33.76, 'max_score': 1271.363, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/BgYQj4gVkWQ/pics/BgYQj4gVkWQ1271363.jpg'}, {'end': 1362.248, 'src': 'embed', 'start': 1331.696, 'weight': 2, 'content': [{'end': 1334.259, 'text': "They may very well have problems in their loan books, but they're ambitious.", 'start': 1331.696, 'duration': 2.563}, {'end': 1336.901, 'text': 'ICBC Bank is now in 60 countries.', 'start': 1334.699, 'duration': 2.202}, {'end': 1339.104, 'text': 'If you go back 30 or 40 years ago, it was in one.', 'start': 1337.202, 'duration': 1.902}, {'end': 1342.727, 'text': 'Chinese companies are going abroad, which I think is very smart.', 'start': 1340.145, 'duration': 2.582}, {'end': 1345.05, 'text': 'I think the Chinese are quite smart dealing with their situation.', 'start': 1342.767, 'duration': 2.283}, {'end': 1346.752, 'text': 'Their banks are banking abroad.', 'start': 1345.43, 'duration': 1.322}, {'end': 1348.013, 'text': 'They want their banks to be winners.', 'start': 1346.772, 'duration': 1.241}, {'end': 1350.816, 'text': 'They want to have the JPMorgan Chase of the next one.', 'start': 1348.333, 'duration': 2.483}, {'end': 1353.78, 'text': "And I don't want them to have it.", 'start': 1352.579, 'duration': 1.201}, {'end': 1355.182, 'text': 'I think we should have it.', 'start': 1353.8, 'duration': 1.382}, {'end': 1357.484, 'text': 'And they could buy us one day.', 'start': 1356.203, 'duration': 1.281}, {'end': 1362.248, 'text': "So we've got to be very careful when we talk about American business,", 'start': 1357.884, 'duration': 4.364}], 'summary': "Icbc bank operates in 60 countries, reflecting chinese companies' smart global expansion.", 'duration': 30.552, 'max_score': 1331.696, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/BgYQj4gVkWQ/pics/BgYQj4gVkWQ1331696.jpg'}, {'end': 1400.04, 'src': 'embed', 'start': 1371.135, 'weight': 4, 'content': [{'end': 1372.417, 'text': "And we've got to compete.", 'start': 1371.135, 'duration': 1.282}, {'end': 1374.619, 'text': "And we've got to compete with some very large, tough competitors.", 'start': 1372.757, 'duration': 1.862}, {'end': 1381.304, 'text': "So you've been now running a bank for the CEO of Bank One and JPMorgan for about 16 years.", 'start': 1375.279, 'duration': 6.025}, {'end': 1383.686, 'text': "So what's the greatest pleasure of doing this?", 'start': 1381.684, 'duration': 2.002}, {'end': 1384.186, 'text': 'running a bank?', 'start': 1383.686, 'duration': 0.5}, {'end': 1387.269, 'text': 'This is my contribution to making it a better world.', 'start': 1384.707, 'duration': 2.562}, {'end': 1388.51, 'text': 'is running a good shape at Morgan Chase.', 'start': 1387.269, 'duration': 1.241}, {'end': 1392.653, 'text': "I tell people, if I don't do a good job at JPMorgan Chase, I hurt the opportunities for our people.", 'start': 1388.79, 'duration': 3.863}, {'end': 1395.536, 'text': 'I hurt the opportunities for the 2, 000 Hamlets we do business in.', 'start': 1392.954, 'duration': 2.582}, {'end': 1396.957, 'text': "We can't be philanthropic.", 'start': 1395.776, 'duration': 1.181}, {'end': 1398.238, 'text': "We can't help people grow.", 'start': 1397.217, 'duration': 1.021}, {'end': 1400.04, 'text': 'And if I do a good job, we can do all those things.', 'start': 1398.558, 'duration': 1.482}], 'summary': 'Running jpmorgan chase for 16 years, focused on making a better world and creating opportunities for 2,000 hamlets through effective leadership.', 'duration': 28.905, 'max_score': 1371.135, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/BgYQj4gVkWQ/pics/BgYQj4gVkWQ1371135.jpg'}], 'start': 1176.728, 'title': "Brexit's impact on finance", 'summary': "Discusses brexit's potential impact on the eurozone, emphasizing concerns about unraveling, leadership instability, and the need for a stronger union. it also analyzes challenges faced by european and chinese banks, including the lag in european banks' capital and the ambitious growth of chinese banks, with some earning $40 billion a year. additionally, it highlights the challenges and responsibilities of leading a major american bank, emphasizing the impact on people and the importance of contributing to a better world.", 'chapters': [{'end': 1249.151, 'start': 1176.728, 'title': "Brexit's impact on the eurozone", 'summary': 'Discusses the potential impact of brexit on the eurozone, highlighting concerns about the unraveling of the eurozone, potential leadership instability, and the need for a stronger union to prevent catastrophic issues.', 'duration': 72.423, 'highlights': ['The Eurozone is angry and wants to keep the Eurozone together, insisting on free access to markets with free movement of people, which was a key reason for Brexit.', 'Concerns about the potential unraveling of the Eurozone due to Brexit and the rise of populism and leadership instability in France and Germany.', 'The chapter emphasizes the need for a stronger union in the Eurozone to prevent potential catastrophic issues and a big recession.']}, {'end': 1348.013, 'start': 1249.511, 'title': 'European and chinese banks analysis', 'summary': "Discusses the challenges faced by banks in europe and china, emphasizing the lag in european banks' capital and profitability and the ambitious growth of chinese banks, with some earning $40 billion a year, indicative of their increasing global presence and competition with american financial institutions.", 'duration': 98.502, 'highlights': ['Chinese banks, such as ICBC Bank, are expanding globally, with the number of countries they operate in increasing from one to 60, reflecting their ambitious growth strategy.', 'Some Chinese banks are earning $40 billion a year, positioning them as formidable competitors to American financial institutions and highlighting their substantial financial success.', "European banks are significantly behind American banks in terms of capital and profitability, with the European financial system being 70-80% reliant on these banks, impacting the region's economic growth and stability.", 'The speaker suggests that pounding European banks for their financial issues is counterproductive and emphasizes the importance of allowing them to strengthen and contribute to a healthy economy, indicating a potential shift in strategy for the European government.', 'The speaker expresses concern for the impact of constant unwinding of loans and credit issues on European banks, highlighting the need for a supportive environment to facilitate their recovery and growth.']}, {'end': 1460.673, 'start': 1348.333, 'title': 'Challenges of american business', 'summary': 'Highlights the challenges and responsibilities of leading a major american bank, emphasizing the impact on people and the importance of contributing to a better world.', 'duration': 112.34, 'highlights': ['Running a major American bank comes with the responsibility of impacting the success of America and its people, such as the 2,000 Hamlets where the business operates.', 'The CEO emphasizes the importance of doing a good job at the bank to create opportunities for the employees and the communities it serves.', "The CEO expresses a love for his work and a commitment to continue as long as he has the energy and the board's approval, potentially transitioning to a chairman role in the future.", "The CEO's wife is deeply involved in philanthropic efforts to help inner-city schools in the South Bronx, focusing on creating job opportunities for the children."]}], 'duration': 283.945, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/BgYQj4gVkWQ/pics/BgYQj4gVkWQ1176728.jpg', 'highlights': ['The Eurozone insists on free access to markets with free movement of people, a key reason for Brexit.', 'Concerns about potential unraveling of the Eurozone due to Brexit and leadership instability in France and Germany.', 'Chinese banks, such as ICBC Bank, are earning $40 billion a year, positioning them as formidable competitors to American financial institutions.', "European banks are significantly behind American banks in terms of capital and profitability, impacting the region's economic growth and stability.", 'Running a major American bank comes with the responsibility of impacting the success of America and its people.']}], 'highlights': ["Jamie Dimon's pivotal role in building Commercial Credit, which evolved into Citi, acquiring several well-known companies and merging with Citi over 12 years.", 'James shares his perspective on business and leadership, emphasizing the value of being part of building something and the traits that define effective leadership.', 'James discusses his career journey, including his decision to not pursue law or medicine, and his preference for building something meaningful.', 'The U.S. economy is recognized as being in reasonable shape, with the potential for growth, and the country is seen as having the best hand dealt of any nation on the planet.', 'The US economy has the best hand ever dealt of any country on this planet today ever, with peaceful neighbors, strong military barriers, abundant resources, top universities, and exceptional work ethic.', 'The need for $100 to $150 billion more a year for infrastructure investment in transportation tunnels, bridges, roads, and airports is emphasized.', 'The importance of thoughtful policy, collaboration, and not over-politicizing decisions is stressed for driving economic growth and stability.', 'The Eurozone insists on free access to markets with free movement of people, a key reason for Brexit.', 'Chinese banks, such as ICBC Bank, are earning $40 billion a year, positioning them as formidable competitors to American financial institutions.']}