In the Margins

JPMorgan investors vote to study splitting chair, CEO roles

May 17, 2016

By Bloomberg

JPMorgan Chase & Co. investors have rejected attempts to consider an independent chairman and a breakup of the biggest U.S. bank by assets. Based on a preliminary count, 33% of shareholders voted in favor of a proposal to split the roles of chairman and chief executive officer, the company said Tuesday at its annual meeting in New Orleans. A proposal to study whether JPMorgan should sell off its non-banking assets was rejected, with just 2.9% supporting the measure. Read the original story from Bloomberg.