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.
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.
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.
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.
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.
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.
"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.
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.
*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.