Skip to main content


March 20, 2013

A Job That Is Too Big Even for Dimon

The “London Whale” trading debacle that J.P. Morgan Chase suffered in 2012 may lead more shareholders at this spring’s annual meeting to vote in favor of separating Mr. Dimon’s roles as chairman and chief executive at the bank. But even $6 billion or so in losses isn’t likely to be enough to unseat Mr. Dimon, who is credited with steering J.P. Morgan successfully through the financial crisis.

Still, the argument for stripping even Mr. Dimon of one of his titles, and for similar change at other big banks like Goldman Sachs, is credible even absent the Whale.

A group of pension funds on Wednesday said they had filed a shareholder proposal calling for J.P. Morgan to name an independent chairman. A similar proposal last year received a 40% favorable vote.”


Read full Wall Street Journal article here

In the News


For media inquiries, please contact us at or 202-618-6433.

Contact Us

For media inquiries, please contact or 202-618-6433.

To sign up for our email newsletter, please visit this page.

This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

"* (Required)" indicates required fields

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact or 202-618-6433.


Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today