James Dimon has succeeded in his quest to keep both the CEO and Chairman role. What became a media frenzy, we found a bit boring and lame. As we noted, many other large financial companies have a dual CEO/Chairman (see chart below). Putting that aside, for some reason pundits believed if the roles were separated corporate governance would improve at JPMorgan Chase & Co. (NYSE:JPM). This seems unlikely but aside what happens now? First a summary...
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James Dimon, CEO and Chairman of JPMorgan Chase & Co. (NYSE:JPM) survived an attempt to split his roles at the company at the annual shareholder meeting today. The executive, in an internal memo to employees, expressed his respect for the shareholders, and their opinions about the company’s future. The internal memo was obtained by David Benoit over at the Wall Street Journal MoneyBeat. At today’s meeting, just 32.2 percent of the shares voted to...
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Today, JPMorgan Chase & Co. (NYSE:JPM) CEO James Dimon faced what may have been one of the toughest challenges of his reign. The executive had to face a vote that would have seen his dual Chairman/CEO role split, and half of it taken away from him. The vote is in, and Dimon won by a landslide. JPMorgan Shareholders Vote: According to the New York Times live blog of the annual JPMorgan Chase & Co. (NYSE:JPM) shareholders...
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Early reports indicate that JPMorgan Chase & Co. (NYSE:JPM) shareholders seem to have voted to keep Chairman and CEO Jamie Dimon in both roles at the bank. That’s according to New York Times reporters Jessica Silver-Greenberg and Susanne Craig, who are covering the bank’s annual meeting today. These results are not yet final, as JPMorgan Chase & Co. (NYSE:JPM) is still accepting votes from shareholders this morning. But the reporters cite sources who have...
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What: FOX Business Network’s (FBN) Adam Shapiro will report live from the JPMorgan Chase Shareholder Meeting at the Highland Manor in Tampa, FL on Tuesday, May 21st. Shapiro will provide live updates on whether the shareholder’s will vote to remove the chairman role from current Chairman and CEO Jamie Dimon. When: Tuesday, May 21st, 2013; 8:00AM/ET – 6:00 PM/ET Where: FOX Business Network (FBN) 'Get ValueWalk's Daily Edition By Email and Never Miss Our...
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U.S. pharmaceutical investor Royalty Management LLC (Royalty Pharma) has once again increased its offer to acquire the Irish drugmaker Elan Corporation, plc (NYSE:ELN), reports Bloomberg. Royalty Pharma said it will now pay $12.50 per American share of Elan Corporation, plc (NYSE:ELN), citing a number of acquisitions the drugmaker made recently to bolster its sales and resist the takeover bid. Royalty’s Previous Offers Royalty Pharma made its first offer of $11 per Elan Corporation, plc (NYSE:ELN) share...
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JPMorgan Chase & Co. (NYSE:JPM) shareholders will be able to vote tomorrow on whether Jamie Dimon will be able to continue being both the CEO and Chairman of the bank. However, the California Public Employees Retirement System, better known by some as Calpers, has voted ahead of tomorrow’s meeting, according to Bloomberg. Will JPMorgan’s Dimon Be Out As Chairman? The institutional investor voted for Dimon’s two roles to be split, casting votes for the...
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The Securities Industry and Financial Markets Association (SIFMA) today announced the appointment of former U.S. Senator Judd A. Gregg as Chief Executive Officer, Wall Street Journal reports. The lobbying group, SIFMA, brings together the shared interests of hundreds of securities firms, banks and asset managers. SIFMA, with offices in New York and Washington, D.C. is the U.S. regional member of the Global Financial Markets Association (GFMA). Tim Ryan Left SIFMA Earlier this year, Tim...
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JPMorgan Chase & Co. (NYSE:JPM) board is set to face angry shareholders when they meet Tuesday at Tampa for the annual meeting of shareholders. Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co. (NYSE:JPM) is facing shareholder revolt as the investors prepare to vote on whether he should be allowed to keep both Chairman and Chief Executive Officer jobs. JPMorgan’s Shareholders Demand: A group of JPMorgan Chase & Co. (NYSE:JPM) shareholders demanded an...
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May 13 (Bloomberg) — Kenneth Langone, founder and chief executive officer of Invemed Associates Inc. and a co-founder of Home Depot Inc., talks about a shareholder proposal to separate Jamie Dimon’s chairman and chief executive officer roles at JPMorgan Chase & Co. He speaks with Betty Liu and Jonathan Weil on Bloomberg Television’s “In the Loop.” 'Get ValueWalk's Daily Edition By Email and Never Miss Our Top Stories'
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The embattled CIO unit at JPMorgan Chase & Co. (NYSE:JPM) which was rocked hard last year by major losses from the “London Whale” saga hasn’t missed on all of their trades. A close look at their holdings in their $360bil plus available for sale (AFS) portfolio reveals pretty substantial bets on UK & Dutch RMBS. As of year end 2012, JPMorgan Chase & Co. (NYSE:JPM) held over $70bil in non-US non-agency MBS bonds. This is...
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