JPMorgan directors defend Dimon


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Financial Times
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Friday May 10 2013

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JPMorgan directors defend Dimon
Lee Raymond, the leading independent director at JPMorgan Chase, warned shareholders against a "disruptive" vote to strip Jamie Dimon of his chairmanship in a robust letter ahead of a crucial annual meeting in two weeks.

It was the first public intervention from Mr Raymond during a tumultuous period at the bank, with investor advisory groups calling for Mr Dimon to lose his role as chairman, in part because of the "London Whale" trading fiasco.

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