SS and Glass Lewis back shareholder resolution amid fears over power wielded by Jamie Dimon, who holds both roles
Investors in JP Morgan have been urged to vote in favour of splitting the role of chief executive and chair at America’s largest bank, amid concerns over the power wielded by its billionaire boss Jamie Dimon.
ISS and Glass Lewis, which issue advice to some of the world’s biggest fund managers on how to vote at annual investor meetings, have thrown their weight behind a shareholder resolution that would ensure two separate people hold the office of chair and chief executive “as soon as possible”. Investors are due to vote on the resolution at the bank’s annual general meeting on 19 May.
Jamie Dimon has been pushing this agenda for a while now.
Jamie Dimon is in a tough spot here, curious how they navigate it.
Glass Lewis has been pushing this agenda for a while now.
In other words sS and Glass Lewis back shareholder resolution amid fears over power wielded by Jamie Dimon, who holds both. Curious to see how this develops.
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Basically sS and Glass Lewis back shareholder resolution amid fears over power wielded by Jamie Dimon, who holds both. What matters is whether anything changes because of it.
Reading that sS and Glass Lewis back shareholder resolution amid fears over power wielded by Jamie Dimon, who holds both — hard to argue with the logic there.
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Still waiting to hear what Glass Lewis actually plans to do about it.
So the bottom line is sS and Glass Lewis back shareholder resolution amid fears over power wielded by Jamie Dimon, who holds both. Wonder how this will land.