Jamie Dimon
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David Eaton, Vice President at Glass Lewis, says JP Morgan transformed the vote to split the bank's dual Chairman-CEO role from a corporate governance issue into a referendum on Jamie Dimon's leadership.
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David Eaton, Vice President at Glass Lewis, says JP Morgan transformed the vote to split the bank's dual Chairman-CEO role from a corporate governance issue into a referendum on Jamie Dimon's leadership.
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TAMPA, Florida, May 21- Jamie Dimon, chairman and chief executive of JPMorgan Chase& Co took an unusual step to fight off investors seeking more oversight of his activities- he hinted he might quit.
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JPMorgan shareholders voted to keep Dimon in both the Chairman and CEO roles. Bethany McLean, Vanity Fair; Anton Shutz, Mendon Capital; Stephen Lerner, Seiu International; and CNBC's Kayla Tausche share their reaction.
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NEW YORK, May 21- Stock markets around the world edged higher on Tuesday amid signs of improving growth, even though questions about monetary policy limited gains. The euro was slightly higher, though a slowdown in British inflation sent sterling to a 7- week low on the view it could give the Bank of England more leeway to support the economy.
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Discussing the state of the global markets, what the vote for Jamie Dimon means for JPMorgan and the tax code, with Henry McVey, KKR.
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Shares of JPMorgan are higher after shareholders narrowly failed to strip CEO Jamie Dimon of his Chairman title, reports CNBC's Kayla Tausche.
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NEW YORK, May 21- Stock markets around the world edged higher on Tuesday amid signs of improving growth, even as uncertainties concerning monetary policy limited gains. The euro was slightly higher, though a slowdown in British inflation sent sterling to a 7- week low on the view it could give the Bank of England more leeway to support the economy.
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After weeks of near-constant coverage of the big decision- will JPMorgan Chase shareholders keep Jamie Dimon as chairman and CEO or relegate him to just CEO? -the verdict came at JPMorgan's annual meeting in Tampa, Florida.
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CNBC's Kayla Tausche reports 32.2 percent of JPMorgan shareholders voted to split the Chairman and CEO role at the bank.
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NEW YORK, May 21- Stock markets around the world edged higher on Tuesday amid signs of improving growth, even though questions about monetary policy limited gains. The euro was slightly higher, though a slowdown in British inflation sent sterling to a 7- week low on the view it could give the Bank of England more leeway to support the economy.
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TAMPA, Florida, May 21- Jamie Dimon, JPMorgan Chase& Co's outspoken chairman and chief executive, won a vote of confidence on Tuesday as shareholders decided to let him keep his chairman title by an even greater margin than last year. Three JPMorgan directors were re-elected by a slim majority, an unusual outcome.
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"The message here is that JPMorgan's Board "needs to raise its game," said Anne Simpson, CalPERS director for corporate governance, sharing her views on the results of a vote by JPM shareholders favoring Jamie Dimon retaining his dual roles as chairman and CEO at the big bank. CNBC's Kayla Tausche shares highlights from the meeting.
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CNBC's Kayla Tausche reports JPMorgan's CEO will continue his job as chairman and CEO. And, Jeffrey Sonnenfeld, Yale School of Management, and Karen Brenner, NYU Stern School of Business, share their thoughts on corporate governance.
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TAMPA, Florida, May 21- JPMorgan Chase& Co's Jamie Dimon appears headed for a victory in a shareholder vote on whether he will keep his dual roles as chairman and chief executive of the largest U.S. bank, according to reports on Tuesday.
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*Home Depot raises outlook, shares jump. NEW YORK, May 21- U.S. stocks were little changed in early trading on Tuesday with Home Depot at a record high and buoying the blue-chips while investors eyed congressional testimony from Fed chairman Ben Bernanke on Wednesday.
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TAMPA, Florida, May 21- JPMorgan Chase& Co's Chairman and Chief Executive Jamie Dimon looks set to win a vote about whether he gets to keep his chairman title, the New York Times reported on Tuesday. A months-long and bitter shareholder campaign demanding more oversight of Dimon will end with JPMorgan's annual meeting on Tuesday.
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Jamie Dimon apparently will hold on to his chairman and CEO title, reports CNBC's Kayla Tausche.
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JPMorgan Chase has narrowly defeated its non-binding proposal to split the Chairman & CEO roles at the bank, reports CNBC's Kayla Tausche.
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*Home Depot raises outlook, shares jump. *Goldman Sachs sees S&P 500 at 1,750 by year-end. "Given there's not a lot of economic news coming out today, it looks like we're set up for a pretty' nothing' day," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh.
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All attention will be on JPMorgan Chase's Chairman and CEO Jamie Dimon as he takes the stage Tuesday morning during the bank's annual shareholder meeting in Tampa, Florida.