JPMorgan Backs Dimon Before Shareholder Vote On Split Role

Law360, New York (May 17, 2013, 8:06 PM EDT) -- JPMorgan Chase & Co. on Thursday urged shareholders to reject a proposal by activist investors that would split the CEO and chairman of the board positions, both of which are held by the embattled James Dimon, who presided over the company during its infamous $6.2 billion “London Whale” loss.

The company strongly encouraged a vote against the split roles in a letter to investors which also endorsed the re-election of all of JPMorgan’s board of directors, according to a filing with the U.S. Securities and Exchange...
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