Jamie Dimon says the bigger your job gets, ‘the less you know—literally.’ The CEOs too insecure to admit it are the ones who get into trouble

JPMorgan Chase CEO Jamie Dimon said at a recent event that rising seniority shrinks a leader’s grasp of ground-level reality, and that insecure CEOs who discourage bad news are the ones most likely to run into trouble. He argued that executives must deliberately reward candor so problems surface early rather than fester. The remarks carry weight given Dimon’s long tenure running the largest U.S. bank by assets, where mispriced or hidden risk can quickly become a balance-sheet problem. Watch for how the comment lands as boards and regulators press for stronger risk-escalation and whistleblower channels.