Jamie Dimon should step down as JP Morgan Chairman, says shareholder group Glass Lewis

Pressure is mounting on JP Morgan chief Jamie Dimon to surrender some of his power at the bank, after shareholder advisory group Glass Lewis called for his dual role as chairman and chief executive to be split. Jamie Dimon is widely viewed as one of the most talented managers on Wall Street, and some investors fear that he will leave the bank if he is stripped of some of his authority. Glass Lewis has called for an independent chairman to be appointed, and advised shareholders to vote out those directors who oversaw the "London Whale" scandal, at the bank's annual general meeting in a fortnight .... READ MORE

Released by The Daily Telegraph - 8 May 2013