JPMorgan's Dimon survives shareholders' referendum

Jamie Dimon, the CEO and chairman of JPMorgan Chase, easily survived a vote Tuesday that would have called on him to give up his role as chairman of the nation's largest bank. But shareholders sent a message that the bank needs better oversight by giving only narrow approval to three of the bank's board members. It was a mixed verdict in a closely watched test of corporate governance at US companies. Dimon emerged in a stronger position after the proposal to split his roles won just 32 percent of the shareholder vote, less than the 40 percent a similar proposal got last year ... READ MORE

Released by mail.com - 21 May 2013