"Our head count in Manhattan when I got to JPMorgan was 35,000 and now is 26,000. Our head count in Texas started at 11,000, now it's 33,000. That's what happens."
Jamie Dimon on why companies are leaving New York:
"Highest individual taxes, highest estate taxes, highest corporate taxes, anti-business sentiment."
"When I grew up as a kid in New York City, there were 120 of the Fortune 500 headquarters there. In the 1970s, 60 of the 120 left, including Exxon, GE, IBM, Union Carbide. They're all going to Texas."
The Hill & Valley Forum 2026
@HillValleyForum@jpmorgan@ChairmanG
I feel like we've replaced MBA-founder dogma with engineering-founder dogma. We also replaced finance background VC orthodoxy with ex-operator VC orthodoxy.
In both cases, we swapped one narrow lens for another..
There is an entire subsection of Americans that go back and forth between only two types of footwear: Cowboy boots and Hey Dudes. These people are awesome
Yes to all of them. Only additions for me would be Gramercy Tavern and Corner Bistro. I’m always partial to places that feel like the ambiance hasn’t had to evolve in decades.
DC is definitely not as blessed with elite burger availability, but I’d put the Burger Americain at Le Diplomate up against any burger in the country.