Oct 21, 2019 - Economy

JPMorgan Chase unveils second-chance hiring policy

Skyscraper building of JP Morgan seen in Hong Kong.

A JPMorgan building in Hong Kong. Photo: Daniel Fung/SOPA Images/LightRocket via Getty Images

As part of a trend of increased corporate activism, JPMorgan Chase will announce Monday a new public policy agenda that includes an expanded effort to help people with criminal backgrounds re-enter the workforce.

Why it matters: JPMorgan Chase Chairman and CEO Jamie Dimon said providing second chances helps businesses "reduce recidivism, hire talented workers, and strengthen the economy."

Dimon, who led the Business Roundtable to a new definition of the purpose of a corporation that goes beyond shareholders, told me in an interview that both the bank and the BRT plan to bolster that message.

  • "We have a whole bunch of stuff that will be coming out of the BRT — what we do for consumers, what we do for employees, what we do for communities, what we do in education, what we do in infrastructure."

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