Jamie Dimon and Entire JPM Board of Directors Overcome Shareholder Proposals

Investing

Published: May 21, 2013 12:10 pm

J.P. Morgan Chase & Co. (NYSE: JPM) officially will be keeping Jamie Dimon as both Chairman and as Chief Executive Officer. The annual shareholder meeting showed that the vote to split the roles of Chairman and CEO received only 32% of the votes.

While a vote of 32% of voting to split the roles might seem high, this is actually more supportive than it was in 2012 when shareholders voted some 40% of the votes to split the CEO and Chairman roles. It appears that Jamie Dimon won about 98% of shareholder support to remain as a director. All of the company’s directors were reelected as well.

As this has been reported on continuously ahead of the event, we will leave the rest of issues open until we have a breakdown of the actual votes by board member. J.P. Morgan shares are up 2.3% at $53.49 and that is a new post-recession high.

ALERT: Take This Retirement Quiz Now (Sponsored)

Take the quiz below to get matched with a financial advisor today.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Take the retirement quiz right here.