Dimon keeps dual role, but JPMorgan shareholder vote a 'wake-up call' to management
JPMorgan Chase & Co Chairman and CEO Jamie Dimon testifies before the House Financial Services Committee on Capitol Hill June 19, 2012 in Washington, DC.
Judgement for JPMorgan's Jamie Dimon has come at the bank's annual shareholder's meeting in Tampa, Florida this morning. Shareholders have voted to allow Dimon to maintain his role as chairman and CEO of JPMorgan Chase.
After a year in which management mistakes led to the bank losing a fortune on bad bets in the market, there was a proposal to divide up the roles of CEO and Chairman of the Board.
Mike Mayo, banking analyst with CLSA, has been asking hard questions in public about how JPMorgan is run. He joined Marketplace Morning Report host David Brancaccio prior to today's shareholder meeting to discuss.