| Dimon role spared amid investor backlash | Shareholders at JPMorgan Chase delivered a big protest vote against the bank's board but spared Jamie Dimon from an embarrassing defeat on a motion to strip him of his chairmanship.
More than 40 per cent of shareholders voted against the re-election of Ellen Futter, James Crown and David Cote as directors, potentially heralding a boardroom shake-up at the largest US bank by assets.
Mr Dimon, whose company engaged in a frantic lobbying effort for him to stay on as both chairman and chief executive, said afterwards there would be "a thoughtful and tempered response" to the vote.
http://link.ft.com/r/WDI4RR/3CYYHF/WLXS67/KQD9Z3/20SP2X/36/h?a1=2013&a2=5&a3=21
| | |
