From BI: “….You might think that the administrators and teachers at Browning would be deeply impressed by his academic dedication. But you would be wrong about that. Even though he graduated fourth in his class, Dimon was rejected by
because of a backhanded recommendation letter written by the assistant
headmistress of the school. "His lack of manners, due to his habits of
making quick judgments and contradicting others, is greatly improved," the
assistant headmistress wrote, according to Duff McDonald's biography of Dimon,
Last Man Standing (from which this school days tale is lifted). Brown
“She praised Dimon's "keen, analytical mind" and his "dedication and seriousness of purpose." But she could not avoid mentioning what she saw as his problem with authority. Dimon was too headstrong to win her unqualified praise.
“Forty years later, Dimon once again finds himself pitted against the corporate governance equivalent of a legion of assistant headmistresses. A pair of influential shareholder advisory groups, Institutional Shareholder Services (ISS) and Glass Lewis, have recommended that shareholders vote to split Dimon's role as chairman and chief executive. The AFSCME Employees Pension Plan, the Connecticut Retirement Plans & Trust Funds, Hermes Equity Ownership Services and various
New York City pension funds have issued a
shareholder proposal calling on JPMorgan Chase to name an independent chairman…..