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- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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'Chairman & CEO' Jamie Dimon - JPMorgan Directors
[ by Howard Haykin ]
On Friday, the JPMorgan Chase Board of Directors endorsed Jamie Dimon to remain both chairman and CEO. This story is developing and more information will be forthcoming. Check back for updates.
[ C-I Note: Mr. Dimon stays on top - period. Some possibilities that might explain the vote:
- Directors honestly believe there's no one else who could fit Dimon's shoes in either position - notwithstanding what serious abuses occurred on Jamie Dimon's watch. -- or --
- Mr. Dimon won a power play with the board after he threatened to walk if changes were made. -- or --
- In a back room negotiation, the Board agreed to let Mr. Dimon stay on as Chairman and CEO so long as heightened supervision of placed placed over the actions of Mr. Dimon and his management team.
It would be interesting to know the Board's reaction to the significant differences between the Bank's internal investigation and the Senate's investigation of the same event - the London Whale Trading Losses. To disregard the findings expressed by Senator Carl Levin and his Sub-Committee members would appear to be resistance to face reality, no matter how disappointing.]
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