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Mike Mayo

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  1. James P. Gorman
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Resolution to Split Chairman, CEO at J.P. Morgan Fails

J.P. Morgan Chase & Co. (JPM) boss James Dimon strengthened his grip over the nation's largest bank as shareholders voted overwhelmingly against a proposal to split the chairman and chief executive roles that he's held since 2006.Roughly 68% of votes cast rejected the nonbinding recommendation that Mr. Dimon's jobs be separated, up from the 60% a similar resolution garnered last year. The bank had lobbied shareholders intensely in recent days, urging them to oppose the measure.The result, unveiled Tuesday at the bank's annual shareholder meeting in Tampa, shifts attention away from Mr. Dimon after a multibillion-dollar trading loss last year prompted a wave of regulatory actions and caused some to question Mr. Dimon's stewardship of the bank.Instead, shareholders singled out members of J.P. Morgan's board. Three members of the board's risk committee attracted support from less than 60% of votes cast, a significant decline from a year ago. Ellen Futter, a longtime independent board memb...

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  1. CEO 'Won't be Satisfied' Until Citi Rebuilds Credibility

    Citigroup Inc.'s (C) top executives said the bank is going to continue to favor share repurchases over dividends and promised the era of shrinking the company is ove...

  2. Wall Street analysts discuss paradigm shift: breaking up banks

    At least three Wall Street analysts this week have written reports about the possibility of the biggest banks breaking themselves up to boost profitability, signalin...

  3. Citigroup Chairman Not Pushing Bank Breakup

    Even thinking about breaking up is hard to do. Just ask Citigroup Inc.Michael E. O'Neill was among a small group of directors who after the financial crisis urged th...

  4. Bank of America's Moynihan, known for fixing and cutting, must now build

    Bank of America Corp's Brian Moynihan is known as a problem-fixer and cost-cutter and in his three years as the bank's CEO, he has had that reputation tested like ne...

  5. Bank of America Net Plunges 63% on Charges; Shares Sell Off

    Bank of America Corp.'s (BAC) fourth-quarter profit plunged 63% as the banking giant was weighed down by billions in charges related to a dispute with Fannie Mae (FN...

  6. RPT-ANALYSIS-The biggest struggle yet for Citi's repairman

    When Citigroup Inc's board of directors was looking for a chief executive in 2007, it called Michael O'Neill, who had turned around Bank of Hawaii Corp a few years b...

  7. Citi insiders expect new CEO to promote from within

    Citigroup Inc insiders expect new chief executive, Mike Corbat, to promote executives from within the bank rather than hire from outside, which could mean his having...

  8. Pandit Claims Citi Resignation Was His Decision

    FBN’s Adam Shapiro on Vikram Pandit’s resignation as CEO of Citigroup.

  9. Will Pandit’s Departure Help Citigroup in the Long Run?

    Credit Agricole Securities analyst Mike Mayo on the future of Citigroup under new CEO Michael Corbat.

  10. Messy Breakup Ends Citi's Relationship With Pandit

    Fed up with a slew of blunders and the bank's share performance, Citigroup's (NYSE:C) board of directors finally pulled the trigger on Tuesday by ousting CEO Vikram ...

  11. Analyst to Dimon: 'Have You Lost a Step?'

    Mike Mayo, a banking analyst known for his outspoken and combative ways, challenged JPMorgan Chase & Co Inc (NYSE:JPM) CEO Jamie Dimon on Friday, asking him if he ha...

  12. Is J.P. Morgan Too Big to Manage Successfully?

    “Exile on Wall Street” author Mike Mayo on J.P. Morgan CEO Jamie Dimon’s testimony and the impact of regulations.

  1. JPMorgan investors on edge over vote on Dimon; what if they win?

    As final ballots come in on a proposal to strip JPMorgan Chase & Co Chairman and Chief Executive Jamie Dimon of his chairman title, some worry about what will happen...

  2. Bank Analyst Michael Mayo Doesn't Want the `Jamie Show' at J.P. Morgan Meeting

    When veteran bank analyst Michael Mayo heads to Tampa, Fla. to attend J.P. Morgan Chase & Co.'s (JPM) annual meeting Tuesday, he will be looking for more than just t...

  3. Bank Of America Biggest Gainer In Dow, Up 2.5%

    Financial stocks were up on Tuesday as investors became more optimistic about U.S. economic growth. The Financial Select Sector SPDR Fund , which tracks financial st...

  4. Morgan Stanley Shareholders Vote Yes on Executive Compensation

    Morgan Stanley (MS) shareholders approved the securities firm's 2012 executive compensation plan, though by a smaller margin than a year ago.At the New York company'...

  5. Morgan Stanley Holders OK Compensation Plan

    Morgan Stanley (MS) shareholders approved the securities firm's 2012 executive compensation plan, though by a smaller margin than a year ago.At the New York company'...

  6. Citi CEO Says Era of Bank's Major Restructuring Is Over

    Citigroup Inc.'s (C) top executives said the bank is going to continue to favor share repurchases over dividends and that the post-crisis period of substantial bank ...

  7. Citigroup Shareholders OK Executive Pay Plan

    Citigroup Inc. averted a major embarrassment on Wednesday as shareholders voted to confirm 2012 compensation packages for executives, reversing last year's vote that...

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