JPMorgan’s Jamie Dimon Retains Control After Shareholder Vote

By PYMNTS | May 22, 2013

Jamie Dimon will continue to serve as both chairman and CEO of financial giant JPMorgan Chase after a shareholder vote threatened to split his position, according to Businessweek.

Only one-in-three shareholders reportedly voted to split Dimon’s roles, landing him a “decisive victory,” in the terms of the report. Every current member of the bank’s board was retained, and Dimon won reelection with a whopping 98 percent of the ballots.

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Dimon’s position at JPMorgan has come under fire after the FI’s massive “London Whale” trading losses and the investigation it faces from several federal departments.

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