JPMorgan's Jamie Dimon to keep dual chairman, CEO role
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In this Wednesday, June 13, 2012, file photo, JPMorgan Chase CEO Jamie Dimon, head of the largest bank in the United States, testifies before the Senate Banking Committee on Capitol Hill in Washington. -- FILE PHOTO:AP
NEW YORK (AFP) - JPMorgan Chase shareholders on Tuesday rejected a proposal to split the chairman and chief executive roles, handing bank chief Jamie Dimon a big victory.
The shareholder proposal to split his two roles won just 32.2 per cent of votes cast, according to preliminary results released at the bank's annual meeting in Tampa, Florida.
Shareholders at the nation's largest bank by revenues also re-elected the entire JPMorgan board, although some board members won by slim majorities.
The much-anticipated annual meeting was the first since the full scope of the bank's US$6.2 billion (S$7.7 billion) 2012 London trading loss became known.
