“Jamie Dimon and the 10 other directors of JPMorgan Chase take the stage in Tampa, Fla., on Tuesday, to face shareholders who can take comfort in a rising stock price and a prospering bank.
“But those same shareholders may also deliver a humbling rebuff to Mr. Dimon and the bank’s board.
“If shareholders vote to separate the jobs of chairman and chief executive — positions that Mr. Dimon has held since 2006 — it would signal a shift in the balance of power in corporate America, an inflection point in shareholders’ push for greater say in the boardroom.
“Shareholder protests at large companies are usually successful only at those that are troubled or whose stock price has disappointed.”
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