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☆ The CEO of 1-800-Flowers says he got the best business advice from JPMorgan's Jamie Dimon
▼ + stars: | 2023-10-25 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

1-800-Flowers CEO and cofounder Jim McCann says he got the best piece of business advice from JPMorgan's Jamie Dimon. AdvertisementAdvertisementThe boss of flower and gifts company 1-800-Flowers said JPMorgan's Jamie Dimon gave him the best business advice — that he didn't need his employees' buy-in while making decisions. "Jim, you spend way too much of your time evangelizing," Dimon told McCann, per the latter's retelling. They don't all need to get it," Dimon told McCann. Dimon told McCann his team only needed to have faith that McCann understood the value of his product.

Persons: Jim McCann, Jamie Dimon, Dimon, McCann, —, Flowers, JPMorgan's Jamie Dimon, Fortune's Ruth Umoh, Jim, Chris McCann, Jim's, McCann's, David Organizations: Service, CBS, Factory Locations: New York, York, Queens

☆ ChatGPT was an 'oh crap' moment for hundreds of CEOs
▼ + stars: | 2023-07-11 | by ( Shona Ghosh | Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

ChatGPT was an 'oh crap' moment for every CEO. Bosses of everything from travel firms to online florists showed off hastily built ChatGPT plug-ins. For much of corporate America right now, there's the world before ChatGPT, and the world after. Beckley was trying to enjoy the remainder of his Thanksgiving holiday when AI startup OpenAI dropped ChatGPT to the public on November 30. In 2022, the startup was reportedly heavily loss-making due to the costs of creating and running ChatGPT.

Persons: ChatGPT, florists, Michael Beckley, Appian, Beckley, Jefferies, Chris McCann, Jim Conroy, Appian's Beckley, everyone's, everything's Organizations: Morning, America, Mother's Locations: OpenAI

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