Rising Hegemon
(Reuters) - JPMorgan Chase & Co Chairman and CEO Jamie Dimon said he may consider leaving the bank where he has held the top post since 2005, if shareholders vote to split his duties, the Wall Street Journal reported on Saturday.
Shareholders will vote later this month at an annual meeting in Tampa, Florida, on a non-binding proposal to separate the chairman and chief executive roles after a more than $6 billion trading loss last year raised questions about risk oversight.
Sunday, May 12, 2013
Well, there's always a future in Chuck Hegel look-a-like contests
(Reuters) - JPMorgan Chase & Co Chairman and CEO Jamie Dimon said he may consider leaving the bank where he has held the top post since 2005, if shareholders vote to split his duties, the Wall Street Journal reported on Saturday.
Shareholders will vote later this month at an annual meeting in Tampa, Florida, on a non-binding proposal to separate the chairman and chief executive roles after a more than $6 billion trading loss last year raised questions about risk oversight.
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8 comments:
See Brad deLong about that $6M loss. The London Whale.
http://delong.typepad.com/sdj/2013/05/the-washington-super-whale-hedge-fundies-the-federal-reserve-and-bernanke-hatred.html#more
Make that $6B.
Jamie's gonna quit if his duties are split? What, is he afraid of someone finding out how much he REALLY lost? As the Republicans said about the PATRIOT Act, "if you're not doing anything wrong, you've got nothing to worry about, right?"
does that mean a COMPENSATION cut?
Yeah, please hurry up and go Galt, you fucker.
Jamie will decamp for his yacht, his private golf course or one of his vacation homes ... or wherever a member of the 1% goes to sulk.
Six billion dollars. Wow. And just think how much money JPM would have lost if Dimon wasn't such a (as Obama put it) "savvy businessman"!
Hope the door hits him in the ass on the way out.
Hard.
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