Sunday, May 19, 2013

The Most Powerful Banker In America Could Have His Wings Clipped This Week

As you read, shareholders of JP Morgan are deciding if CEO Jamie Dimon will keep his job as he knows it. Dimon, widely considered the most powerful banker in the country, holds the positions of both CEO and chairman of JP Morgan's board. It's the largest bank in the U.S., and complaints from regulators, and the sting of a $6 billion trading loss last year have given more ammunition to those who've asked for some time now — is JP Morgan too big to manage?

The specific question at hand is whether or not one man, even one with Dimon's talent, can be both the CEO and the chairman of the board that is supposed to judge the CEO's performance for shareholders.

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