JPMorgan CEO Jamie Dimon fielded several angry phone calls from healthcare companies after the bank revealed a venture with Amazon and Berkshire Hathaway aimed at lowering employee medical costs, according to CNBC.
During a June 1 conference in New York, Mr. Dimon said multiple healthcare-related providers contacted him directly after the companies announced their collaboration in January.
"Quite a bit of them were pissed off, which kind of pissed me off," Mr. Dimon said. "They're going to tell me I can't do a better job for my employees? Isn't that what they're supposed to help me do anyway? That's all we're trying to do, is do a better job for the health of our employees."
The three companies' effort, led by Berkshire Hathaway executive and JPMorgan board member Todd Combs, is having a challenge securing a CEO. Mr. Dimon said once the venture has a CEO, it will begin testing ideas to cut healthcare costs. The initiative has a 20-year horizon and seeks partnerships with other healthcare companies, according to Mr. Dimon.
More articles on leadership:
8 healthcare layoffs in May
Stacey McCreery, founder of talent management firm ROI Search Group on motivating teams, learning from failure and the importance of communication
Northern Illinois University's student health director finds similarities between health, restaurant industries: 4 questions with Andrew Digate