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David Cote

Dimon Poised to Survive Challenge at J.P. Morgan

J.P. Morgan Chase & Co.'s (JPM) James Dimon seemed likely Tuesday to survive a challenge to his grip on the posts of chairman and chief executive, according to a person who saw a preliminary vote tally.Shareholders were also seen as likely to re-elect all members of the bank's board of directors, although some directors were clinging to slim majorities, the person said.Full results are expected to be announced at the bank's shareholder meeting Tuesday in Tampa, Fla.The preliminary tally showed a resolution that proposed splitting the chairman and CEO roles had failed to pass, the person said. That person declined to say whether the resolution received more than 40% support--the level a similar proposal received last year.In addition, all directors had the support of a majority of shareholders as of yesterday, though the vote appeared as if it could be close for some, according to a person familiar with the votes.A representative of J.P. Morgn declined to comment.In the days leading up ...

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  1. Dimon Played Role Over Who Serves on JPMorgan Board

    For years, JPMorgan Chase & Co Chairman and CEO Jamie Dimon and other executives have hand-picked new directors, in a practice that is now unusual for a major U.S. b...

  2. J.P. Morgan Investors Examine Links With Directors

    Shareholders are taking a close look at financial relationships between some J.P. Morgan Chase & Co. (JPM) board members and the company they oversee, in a sign of t...

  3. Top Chase Directors Back Dimon as CEO, Chair

    Pushing back against a growing effort to curb Jamie Dimon's power, J.P. Morgan Chase's (NYSE:JPM) lead director warned shareholders on Friday that a vote to separate...

  4. JPM Under Pressure to Split CEO, Chair

    Ratcheting up the heat on J.P. Morgan Chase (NYSE:JPM) management, a second major proxy adviser threw its support on Tuesday behind a proposal that would strip CEO J...

  5. Glass Lewis Says J.P. Morgan Should Have Independent Chairman

    A second major proxy adviser urged J.P. Morgan Chase & Co. (JPM) shareholders to separate the chairman and CEO roles and vote out directors who serve on the bank's r...

  6. JPMorgan shareholders urged to reject three directors

    JPMorgan Chase & Co shareholders should vote against the re-election of three board members because they failed to properly oversee risk-taking that led to $6.2 bill...

  7. Honeywell Has Its Hands in the Honey Pot

    Justin Danhof took the floor at Honeywell International Inc.'s (HON) annual meeting in Morris Township, N.J., on Monday to ask about the company's taxpayer-funded bi...

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