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A coalition of union and state pension funds are backing a resolution to split the CEO and...
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Wednesday, February 20, 12:56 PM ETA coalition of union and state pension funds are backing a resolution to split the CEO and chairman's roles at JPMorgan (JPM). A similar proposal garnered 40% of the votes last year, but that was 36% ago for the stock. Given the performance, Dimon may be more likely to get a medal rather than stripped of his chairmanship.
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This news story has 2 comments:
These roles need to be separate at all companies for the sake of effective corporate governance. In JPM's case there are several billion reasons why.
I am a shareholder , and very happy that Jamie's running JPM ... made me a ton of $$$