Jamie Dimon survives JP Morgan vote

JP MORGAN chairman and chief executive Jamie Dimon yesterday survived a vote by shareholders to split his role in two.
Jamie Dimon: Survives vote. Picture: GettyJamie Dimon: Survives vote. Picture: Getty
Jamie Dimon: Survives vote. Picture: Getty

Only 32 per cent of votes were cast in favour of a measure to remove Dimon from his chairman’s role, down from the 40 per cent backing the suggestion received at last year’s annual general meeting.

Dimon, who had reportedly threatened to resign if he lost the non-binding vote, said: “We take the feedback from shareholders very seriously.”

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Several investors had wanted to split the posts following last year’s “London whale” scandal, in which a trader had placed large bets on complex debt securities that went wrong and cost America’s biggest bank 
$6 billion (£4bn).