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.
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.”
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).