Now that JPMorgan Chase CEO Jamie Dimon and Tesla CEO and DOGE chief Elon Musk have repaired their relationship after years of litigation, Dimon is wishing Musk effectively on his new authorities endeavor.
When requested for his ideas on DOGE and the company’s effort to chop authorities waste on Monday by CNBC’s Leslie Picker, Dimon was upbeat.
Associated: Need to Work for DOGE? Elon Musk Is On the lookout for ‘Tremendous Excessive-IQ’ Hires — However There is a Catch
“I am hoping it is fairly profitable,” Dimon mentioned.
Musk is taken into account a “particular authorities worker” who’s formally serving below President Donald Trump, based on the White Home. “A particular authorities worker is anybody who works, or is predicted to work, for the federal government for 130 days or much less in a 365-day interval,” per the U.S. Division of Justice.
DOGE’s operate is to get rid of authorities waste, fraud, and abuse, based on the company.
“The federal government is inefficient, not very competent, and wishes a whole lot of work,” Dimon mentioned.
“It is not simply in regards to the deficit, it is about constructing the suitable insurance policies and procedures and the federal government we deserve,” he added.
When requested if he helps the “chain-saw strategy” DOGE is taking to the federal authorities, Dimon mentioned that is one thing that has been tried earlier than.
“Bear in mind, it was tried by Al Gore and Invoice Clinton. It was tried by a bunch of folks previously,” he mentioned. “Sure, they need to strive.”
Watch the total video on CNBC, right here.
Associated: JPMorgan CEO Jamie Dimon Fires Again at Staff Who Signed a Petition Calling for Hybrid Work
