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U.S. Day Ahead: JPM investors too chicken to split CEO role

Monday, May 20, 2013 - 02:16

May 20 - JPMorgan boss Jamie Dimon looks likely to survive a vote to split his role at the bank. But expect some major changes at JPM's board going forward.

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DJ for JPMorgan. CEO and chairman. We're not he's a threat to clean its shareholders vote to strip him of the chairmanship. This after JP and lost six billion dollars in bad trades last year. Reuters correspondent Nadia didn't when he says it will be a close call but ultimately diamond will get his way. Shareholders seem like your checking out we did speak -- T. Rowe Price last week that told us that they are supporting -- staying on as yelling and chairman. And that they support him in both roles. But having said that we understand that they will look for changes at the board which could include a new lead independent director right now we -- is 74 years old warriors past the mandatory retirement age at JPMorgan. Despite all the drama at JPMorgan has been a solid performer its shares have -- nearly 55%. In the last year outperforming the broader KEW banking index. Insider we'll have the latest reaction and analysis from the shareholder meeting in camp before add your name. First it was Microsoft and Hewlett-Packard and now apple faces scrutiny over avoiding taxes CEO Tim Hubbell testified before a senate panel on the 100 billion dollars it has an optional accounts. That's about 70% of its total cash piled on Monday apple said it supported a quote reasonable tax on -- earnings. You -- on repatriated profits is 35%. We'll have that testimony live audience tighter countless years ended Monday up over -- -- We'll talk about a turnaround best -- reports hearings before the bell and it's been grabbing a lot of attention and shares -- soared 127%. Over the past year. And as the third best performer in the S&P 500 UBS as best I profits could surprise to the outside I three cents a share. Analysts are crazy CEO will -- Jolie's new policies of matching prices of the online rivals and apparently this story is level he has on. -- -- -- -- We'll -- us on Twitter at Reuters Insider again more of our video that Reuters dot com slash -- TV I'm putting on this very.

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U.S. Day Ahead: JPM investors too chicken to split CEO role

Monday, May 20, 2013 - 02:16