News: Jamie Dimon keeps JPMorgan chairman title after bruising battle

C-Suite

Jamie Dimon keeps JPMorgan chairman title after bruising battle

Jamie Dimon, JPMorgan Chase & Co's outspoken chairman and chief executive, won a vote of confidence on Tuesday as shareholders recommended that he keep his chairman title, giving him a greater margin of approval than last year, Reuters reported.

Jamie Dimon, JPMorgan Chase & Co's outspoken chairman and chief executive, won a vote of confidence on Tuesday as shareholders recommended that he keep his chairman title, giving him a greater margin of approval than last year, Reuters reported.

Investors who had pressed for Mr Dimon to be stripped of his chairman title said they believed they lost because of the chief executive's hints he would quit if he did not win the vote.

Just 32.2 per cent of shareholder votes were in favor of a proposal to create an independent chairman, compared with 40.1 per cent last year, the bank said at its annual meeting in Tampa, Florida. Mr Dimon smiled as he left the meeting, and the bank's shares rose to their highest level since 2001.

Read the full report here

 

Read full story

Topics: C-Suite, #Updates

Did you find this story helpful?

Author

QUICK POLL

What is your top focus area for reinventing work in the hybrid world of work?

Can we take a more holistic view of how we reward people?

READ our latest issue for a broadened perspective.