JPMorgan Investors Seek To Split Dimon's Roles

Law360, New York (February 20, 2013, 2:17 PM EST) -- A coalition of institutional investors including New York City’s pension plans on Wednesday proposed to separate the chairman and chief executive roles at JPMorgan Chase & Co., potentially stripping Jamie Dimon of one of his seats atop the global bank.

The proposal, filed by the AFSCME Employees Pension Plan, the Connecticut Retirement Plans and Trust Funds, Hermes Equity Ownership Services and the New York City Pension Funds, comes in the wake of the over $6 billion trading loss emanating from JPMorgan's Chief Investment Office and a...
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