Jamie Dimon
Last year, an unheralded shareholder proposal to split the chairman and CEO positions at JPMorgan Chase—both currently held by Jamie Dimon—captured 40 percent of the vote. This year, the proposal had much more fanfare, riding a wave of shareholder activism that has been largely successful in forcing changes in corporate governance at the country’s largest publicly traded companies. READ MORE >>
Guerrillas in the Boardroom
Shareholder activists are getting smarter—and could soon claim their biggest scalp
It didn’t garner much attention, but earlier this month, the chairman of a Fortune 500 company was kicked out of his job, and it wasn’t by management. Shareholders voted out Ray Irani, the chairman and former CEO of Occidental Petroleum, at the company’s annual meeting, with 76 percent of investors denying Irani the post. READ MORE >>
São Paulo and U.S. Metros Link and Learn Together
Yesterday's discussions in São Paulo dug further into the challenges facing the São Paulo metropolis, the responses that governments are mounting, and obstacles to implementation and long-term prosperity. Among the issues tackled were infrastructure, land use, housing, social inequity, education, governance, and public sector capacity and continuity. Turns out that changing hemispheres doesn't change some things all that much. READ MORE >>
Simmer Down, Jamie Dimon
I didn't watch Jamie Dimon's Senate testimony today, but from the Times live blog it looked like this was the most dramatic moment: Mr. Dimon gets testy for the first time in the hearing. "I think you are misinformed," he told Senator Jeff Merkley, Democrat of Oregon, who said JPMorgan was saved by government bailouts in 2008. READ MORE >>
The Grilling Congress Should Give Jamie Dimon
When Jamie Dimon testifies in the Senate on Wednesday about JP Morgan’s $3 billion trading loss, the focus will almost certainly be on the speculative aspect of the trade. After all, the financial reform bill Congress passed in 2010—specifically, the provision known as the Volcker Rule—was supposed to stop banks from making risky bets with their own money, at least if they benefit from government support. And JP Morgan gets lots of government support. READ MORE >>
Dimon In The Rough
So let me get this straight. JP Morgan loses more $2 billion, reportedly thanks to the recklessness of a trader nicknamed “the London Whale” and “Lord Voldemort,” and all Morgan CEO Jamie Dimon has to say is “it was bad strategy, executed poorly”? Well, no, that isn’t precisely correct. READ MORE >>
Please, Tim Geithner, Don't Go
The New York Times floats a list of possible successors to Tim Geithner. My lord, this is horrific: READ MORE >>
