Daily News: May 10, 2013

Bloomberg: JPMorgan Directors Oppose Splitting Dimon’s Role

Bloomberg reported that JPMorgan’s leading directors urged shareholders to reject calls for Jamie Dimon to relinquish his dual role as chairman and CEO, saying it “could be disruptive” and against the best interests of investors, citing a letter sent to shareholders.

The article added that proxy advisers at Glass Lewis and Institutional Shareholder Services have told investors to vote for a separate chairman and to remove some directors.

To read the Bloomberg article click here.