During the Norges Bank Investment Management’s investment conference, Jamie Dimon (CEO of JPMorgan Chase) identified bureaucracy as a critical threat to corporate survival. He described it as a 'silent killer' that fosters complacency, arrogance, and internal politics, which can ultimately lead to a company's collapse. Dimon urged companies to eliminate managers who focus on processes rather than outcomes, stating, 'They admire a problem. I say they’re like good bureaucrats.' He pointed out that even large companies like JPMorgan Chase, which employs over 300,000 people globally, are not immune to these issues. Dimon also criticized the practice of withholding information, asserting that transparency is essential for effective meetings. He advocates for smaller teams, likening them to Navy SEALs, as they tend to be more accountable and efficient. Dimon concluded by underscoring the need for leaders to earn trust daily through their actions.