Now that JPMorgan Chase CEO Jamie Dimon and Tesla CEO and DOGE leader Elon Musk have repaired their relationship after years of litigation, Dimon is wishing Musk properly 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: Want to Work for DOGE? Elon Musk Is Looking for ‘Super High-IQ’ Hires — But There’s a Catch
“I am hoping it is fairly profitable,” Dimon mentioned.
Musk is taken into account a “particular authorities worker” who’s formally serving underneath President Donald Trump, according to the White House. “A particular authorities worker is anybody who works, or is anticipated to work, for the federal government for 130 days or much less in a 365-day interval,” per the U.S. Department of Justice.
DOGE’s perform is to eradicate authorities waste, fraud, and abuse, according to the agency.
“The federal government is inefficient, not very competent, and wishes a variety of work,” Dimon mentioned.
“It isn’t simply concerning the deficit, it is about constructing the fitting 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.
“Keep in mind, it was tried by Al Gore and Invoice Clinton. It was tried by a bunch of folks up to now,” he mentioned. “Sure, they need to attempt.”
Watch the complete video on CNBC, right here.
Associated: JPMorgan CEO Jamie Dimon Fires Back at Employees Who Signed a Petition Calling for Hybrid Work
