According to WSJ J.P. Morgan Chase & Co. has yet to
persuade three of its largest shareholders to back the company in a coming vote
over whether James Dimon should retain his dual role of chairman and chief
executive. BlackRock Inc., Vanguard Group Inc. and Fidelity Investments remain
undecided with two weeks to go before final votes are tallied on May 21, said
people close to the firms. … All three money managers have sided with J.P.
Morgan Chase management in shareholder votes in the past. Last year, BlackRock,
the largest institutional investor, with 248 million shares across its funds,
voted against a similar proposal, as did Fidelity and Vanguard….
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