Breakingviews: JPMorgan director’s words should worry shareholders
Tuesday, May 21, 2013 - 01:12
As JPMorgan boss Jamie Dimon won a critical shareholder vote Tuesday, JPMorgan director Lee Raymond sought to reassure investors that the board had things under control. But his comments should raise eyebrows, not ease worries, says Reuters Breakingviews columnist Antony Currie.
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Jamie got it locked up an important victory. It will annual general meeting shows both but overwhelming almost 70%. And to retain the role of chairman is worth -- -- expected. But issues still remain and corporate governance activists who would jump on the future both of these come from Lee Raymond the presiding director -- -- that festivals that I think it's a good idea about that long since passed that stand in the world the best corporate governance itself room. I learned that the best thing people can do is not run the company but a chicken little and the chairman of the old. Runs the company's C. The other thing that the -- that there's even more worrying for an. With except one of the reasons why the chairman's role should be kept the Jamie Dimon what what shouldn't worry about the old. Of its oversight because they've got to properly for the London well the south last chipped it to about how they react to it. So people's job is not to reacts. To problems at a bank but I trying to hit the -- So those two things I think. But still could have come back to -- diamond and the company in the next few months but for now Jamie Dimon is looking pretty solid with -- with 70% of shareholders. Wanna state as well -- to carry. What's right.
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