Daily News: May 8, 2013

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.

To read the full Wall Street Journal article (subscription required) click here.