JPMorgan Chase has ordered its managing directors “to lead by example” by returning to their desks five days a week – and warned of consequences for lower-level employees that fall short of the firm’s less stringent attendance requirements, according to a recent memo obtained by The Post.
The Wall Street titan’s operating committee detailed its new requirement while stressing the “importance of being in the office” in a message to staffers last Friday.
“Our leaders play a critical role in reinforcing our culture and running our businesses,” the memo said. “They have to be visible on the floor, they must meet with clients, they need to teach and advise, and they should always be accessible for immediate feedback and impromptu meetings.
“We need them to lead by example, which is why we’re asking all managing directors to be in the office five days a week,” the memo added.
Source: JPMorgan orders managing directors back to office five days a week: ‘Lead by example’