Push To Split Chairman, CEO Roles Gains Traction

Law360, New York (February 1, 2012, 2:13 PM EST) -- With one of the nation's largest labor unions recently filing proposals to split the role of chairman and CEO at a slew of big corporations, experts say growing pressure from such corners is likely to lead more prominent companies to have two independent voices at the top.

In mid-January, The American Federation of State, County and Municipal Employees, whose pension fund manages more than $850 million in assets, filed shareholder proposals with the nine companies, including JPMorgan Chase & Co., Goldman Sachs Group Inc. and Johnson...
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