Hiya! $4 in NYC, and I'm feeling pretty self conscious about my wardrobe after reading this story about $4 (Sorry, but you can pry my flip-flops from my cold, dead feet.)
I'm STILL collecting questions for a future mailbag. Get them in while you can. Submit any questions you have $4 (It's anonymous.) No personal finance questions, please.
Today, we've got stories on $4, $4, and $4
But first, Jamie Dimon has some thoughts.
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1. Leadership 101.
What makes a good bank CEO?
JPMorgan CEO Jamie Dimon has a take that might surprise you.
Succession plans for the unofficial face of Wall Street $4 So when Dimon got a question at $4 about what the bank's board might be looking for in a successor, he had an interesting response.
Dimon said a company trying to find a leader with one specific strength, such as marketing, risk, or tech, is a "huge mistake" that is "guaranteed to fail."
"I think the most important strength is that you're trusted and respected by people. That you work your ass off. That you give a shit. That you know you don't know everything. They have curiosity. They have grit. They have courage. That you're willing to change direction. You're willing to go in front of your shareholders and say, 'We screwed up. We made a mistake. We were wrong about that,'" Dimon said, according to a transcript of his remarks from Sentieo.
It's interesting that $4 finds value in acknowledging their mistakes. (Dimon, for his part, called the bank's acquisition of fintech Frank, $4, a "$4" when asked about it earlier this year.)
I know some of you are probably rolling your eyes, and I get it. This could have easily been a rant from a wannabe LinkedIn influencer trying to go viral. Instead, it's coming from the world's most-famous banker.
And while it's true Dimon could have been playing to the crowd, I think there is real value in his comments. One of the biggest issues we see on Wall Street, or in business more broadly, is an executive not knowing when to cut ties.
In other news:
2. They're still betting big on crypto. Despite the crypto winter, these young VCs see plenty of opportunity in the space. $4
3. An M&A boutique makes a deal. Greenhill, one of the first $4 to go public in 2004, is being bought out by Japanese giant Mizuho for $550 million. A dearth of dealmaking hurt the New York firm, founded by ex-Morgan Stanley banker Robert Greenhill, to the point where first-quarter revenue totaled just $50 million, notes the Financial Times. $4.
4. Trying to get a job nowadays is weird. It's not just economic uncertainty that's frustrating job seekers. Ghost jobs — $4 — and using AI to review applicants is making getting a new job a real pain. $4
5. Just when you thought private credit wasn't wild enough... here comes SoftBank. The high-profile investor is considering diving into the growing world of private credit, $4 Here's a recap of $4 and the $4
6. Want to know what a Wall Street hiring raid looks like? A lawsuit brought by First Citizens, the new owner of Silicon Valley Bank, against HSBC provides rare look at the process. $4
7. Here's Wall Street's plan if the US defaults on its debt. As the we get closer to Treasury Secretary Janet Yellen's June 1 hard deadline, $4, Reuters has a rundown of how financial firms are getting their ducks in a row. $4
8. The wealthy sure love using trusts and LLCs to buy homes. Almost 75% of the homes recently purchased in one Bay Area city were by done via trusts and LLCs. $4 And for more creative ways the ultra-rich navigate taxes, $4
9. Read this if you can't run anymore because of bad knees. We've got a game plan to get you pounding pavement before you know it. $4
10. Here's what $500 gets you in different vacation destinations around the world. Maximize your budget with these suggestions for reasonable accommodations, attractions, and dining in locations across the globe. $4
Curated by Dan DeFrancesco in New York. Feedback or tips? Email ddefrancesco@insider.com, tweet $4, or $4. Edited by Jeffrey Cane (tweet @jeffrey_cane>$4) in New York and Hallam Bullock (tweet @hallam_bullock>$4) in London.