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Alexander Cutler

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 the "Jamie Show."With shareholders pushing for changes to the board and the separation of the chairman and chief executive roles, Mr. Mayo said he is hoping to get a better sense of the bank's directors--the people elected to watch over Chairman and CEO James Dimon.Mr. Mayo, an analyst with securities firm CLSA, has already attended three annual meetings this year, challenging management at Citigroup Inc. (C), Morgan Stanley (MS) and KeyCorp (KEY).He has taken the unusual step for an analyst to buy stock--100 shares of each of the three companies--to become eligible to attend the meetings."I am going down there and I want to know, who is Lee Raymond," Mr. Mayo said. Mr. Raymond is the former chairman and CEO of Exxon Mobil Corp. (XOM) and J.P. Morgan's presiding director. "Jamie Dimon, you are saying: 'We have a strong board...

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