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Tuesday, May 7
Three of JPMorgan's (JPM) largest shareholders - BlackRock, Vanguard, and Fidelity controlling...
Three of JPMorgan's (JPM) largest shareholders - BlackRock, Vanguard, and Fidelity controlling over 12% of the stock - remain undecided in the coming vote over whether to split the Chairman and CEO roles, reports the WSJ. The split proposal received 40% of the vote in 2012, when all 3 voted against it. The vote itself in nonbinding, but the board would likely face great pressure to act if it receives more than 50%. Update at 7:25: Proxy-adviser Glass Lewis comes out in support of splitting the roles (ISS yesterday).