JPMorgan CEO Jamie Dimon Faces Crucial Vote
Tuesday, May 21, 2013
JPMorgan's Jamie Dimon faces the results of a crucial vote later this morning that could cost him his chairmanship.
Shareholders are considering a non-binding proposal that would split those two roles at the nation's largest bank.
The California Public Employee’s Retirement System already voted in favor of the proposal citing the need for the board to “exercise stronger oversight and management.”
An announcement is expected at the company's annual shareholders meeting in Tampa, Florida.