WSJ: Dimon Looks to Keep Reins
The Wall Street Journal reported that J.P. Morgan Chase head Jamie Dimon told a group of investors this week that he wants to retain his dual role as chairman and chief executive saying “this is what I enjoy.”
The Journal said that investors will cast a nonbinding vote on a proposal recommending a split of the chairman and CEO duties at the company’s May 21 shareholder meeting. The Journal added that if the split proposal succeeds, it would be a rebuke of Dimon’s leadership marked by the “London Whale” trading losses and other problems.
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