A group of investors have filed a proposal calling for JPMorgan Chase (JPM) to name an independent board chairman, splitting the CEO and chairman roles currently held by Jamie Dimon. The AFSCME Employees Pension Plan, the Connecticut Retirement Plans and Trust Funds, Hermes Equity Ownership Services and the NYC Pension […]
Tag: Jamie Dimon
JPMorgan slashes CEO Dimon’s bonus on “Whale” trade
JPMorgan Chase & Co’s (JPM) board of directors cut Chief Executive Jamie Dimon’s annual bonus in half, citing the company’s $6.2 billion “London Whale” trading loss, the company said on Wednesday. Dimon’s pay was slashed even though JPMorgan, the largest U.S. bank, said fourth-quarter net income jumped 53 percent, and […]
Former Exxon CEO Raymond to head JPMorgan ”whale” probe
JPMorgan Chase & Co (JPM) has picked Lee Raymond, ex-chief executive officer of Exxon Mobil Corp (XOM), to head an inquiry by company directors into losses in a credit derivative portfolio run by its London-based Chief Investment Office, according to a source familiar with the matter. The company’s board also […]
