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.
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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