A Quote by Jamie Dimon
I hate the word universal, because I don't know exactly what it means. The question is, does it work for the client? Travelers was a diversified, financial conglomerate that did very well. The businesses had nothing to do with each other.
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People think we had a love-hate relationship. Well, I did not love him, nor did I hate him. We had mutual respect for each other, even as we both planned each other's murder.
We're trying to win business by doing a good job for the clients, as opposed to, "We think being big and universal is just a great, wonderful thing." It's not a morality thing. It's a "Does it work for the client?" thing. Everything we do is because a client uses us. Everything we do is because a client chose to use us of his own free volition.
At Travelers, we were much more opportunistic. It was very successful, but it wasn't an integrated financial services company. We had a property casualty company, a life company, a brokerage company. We were a financial conglomerate. It wasn't a unified, coordinated strategy of any sort. When it merged with Citi, that became a big issue; Citi, at that time, wasn't yet a fully integrated, coordinated company.
The reason I know what we are to each other is because we fight freely and almost constantly, about even the smallest thing. In fact, once we didn't speak for an entire week because he didn't like the way I loaded his dishwasher...I can't decide if we're exact opposites, or somehow exactly the same except for minor cosmetic differences. I do know that all of his friends hate me and all of my friends hate him. We drive each other crazy in ways that nobody else can even touch. We never bore each other. And we both realize what a rare thing this is.
But we had a pretty diversified portfolio of businesses around the world and things tended to offset each other. But one or two years ago, we had a lot of things happening at the same time.
We're diversified, we're stable and consistent. Our businesses benefit from each other.
I've always been business-minded. I worked in corporate America before becoming an actress and knew that acting wasn't the end but a means to an end. It gave me the platform and the exposure I needed to do my philanthropic work. It also gave me the financial security to focus on my other businesses, start new businesses, and even help other people start businesses.
I will tell you what, the Rock was my nemesis. We did enough for each other; we put each other over to be famous. If we didn't have that feud with each other, we wouldn't have had the success we both had in pro wrestling. We really did build each other. I'm very thankful we had those opportunities and those matches.
Being a conglomerate, each of our businesses has a different challenge; business landscape is different for each business. It makes it challenging as well as exciting.
I worked at Drexel Burnham and DLJ, and then I worked at a financial conglomerate that had 60,000 people - there was a difference. But we went to the schools and said it's the same. The experience I had in 1992 is exactly what you're going to get in 2002.
Artists talk about art in sort of straightforward terms, more like the way you talk about plumbing fixtures. Does it function well? Does it bring the hot water up from the cellar efficiently, or does it lose too much thermodynamic energy in the process? Artists are also very ruthless with each other and can be very brutal in evaluating each other's work because their criteria is almost more mechanistic. Does it do what it's supposed to be doing in an efficient way? That doesn't mean that intention is not part of the conversation, but it's not the foreground.
The coaches hate each other, the players hate each other... There's no calling each other after the game and inviting each other out to dinner. But the feeling's mutual: They don't like us, and we don't like them. There's no need to hide it, they know it, and we know it. It's going to be one of those black and blue games.
I don't want to pick on Deutsche Bank, but I think the world of the regulated financial conglomerate, it is a strange thing. There is nothing in common between writing checks and running branch offices, issuing credit cards - those are good businesses, but they really have zero in common with M&A advice. They're a different customer.
They used to be buddies, I thought, they used to be friends, and now they hate each other because one has to work for a living and the other comes from the West Side. They shouldn't hate each other.
I like 'nerves'! I like the word 'migraineur'. I like the word 'madness'. These are OK words. The 19th century had a very handy term: 'neurasthenic'. I think that's a very useful word. We all know what that means: it means extra-sensitive.
I hate shows, personally, where people stand around tossing stuff at each other, and any character can say any line, because you don't believe any of these characters care for each other. I used to fight with my friends who wrote on 'Seinfeld,' because they had such great pride in saying it was a show about nothing.
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