JPMorgan Chase CEO Jamie Dimon gave a cautionary tale to U.S. states that are driving businesses out, saying that "it will backfire" while speaking at the America Business Forum.

JPMorgan CEO Jamie Dimon also said leaders need to "weed out" those who aren't honest or upfront.

The White House is reportedly eyeing new limits on shareholder advisory services — and investors have recently tuned them out on major votes. Why it matters: Pressure is mounting on firms like Institutional Shareholder Services (ISS) and Glass Lewis,

Outgoing Detroit Mayor Mike Duggan and JPMorgan Chase and Co. Chairman and CEO Jamie Dimon appear in a live CNN interview with Erin Burnett on Wednesday afternoon in the Hudson’s Detroit development.

When Jamie Dimon makes predictions, the C-suite pays attention. And at the America Business Forum in Miami on Thursday, the JPMorgan Chase CEO sketched a provocative horizon line: AI will optimize our work schedules within our lifetime.

“I still read customer complaints,” Dimon said at the America Business Forum in Miami on Thursday. “If they ask you a question, you’ve got to respond to me directly and not go up that chain of command. The chain of command starts to edit it and fine-tune it. The bureaucracy does want to control you, so you’ve got to kill the bureaucracy.”

The banking giant’s C.E.O. said he wanted to keep lines of communication open with the mayor-elect of New York.