Jamie Dimon, CEO of JPMorgan Chase & Co. (NYSE:JPM) will be heading to Washington DC this Wednesday to testify before the Senate Banking Committee on his firm’s $2 billion loss. Dimon has a great reputation and is an icon in the investment banking industry. Unfortunately, this trading debacle has some questioning Dimon’s leadership capabilities. During the testimony, Dimon is expected to give much anticipated details on JP Morgan’s hedging loss. Since the incident has...
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CNBC’s Kate Kelly reports the latest details from Chesapeake Energy’s annual meeting, as its embattled CEO faces angry shareholders. David Dreman, Dreman Value Management chairman & CEO and Chesapeake shareholder, owns about a million shares of the company’s stock and discusses why “he wouldn’t buy any more shares at this point.” okay, the tension is mounting in oklahoma city. in about an hour from now, the em battled chesapeake will face disgruntled shareholders at the company’s annual general meeting. kate kelly...
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