From the AP: Shareholders at JPMorgan Chase voted to let
Jamie Dimon, the chairman and CEO, keep both his jobs. At the bank's annual meeting, just 32 percent
of shareholders voted for a non-binding measure that would have advised the
bank to split the roles. That's less than the 40 percent vote that a similar
proposal received last year.
Shareholder groups lobbying for the split gained momentum
from a surprise $6 billion trading loss last year, which tarnished the
reputation of both JPMorgan Chase & Co. and Dimon. The bank and Dimon had
argued that letting Dimon keep both jobs was the most effective form of leadership.
Dimon emerged from the financial crisis heading one of the
strongest banks in the country. But his reputation has been hurt over the past
year over fallout from the so-called "London whale" trading loss….
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