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Jamie Dimon Escapes Shareholder Censure—For Now


Using familiar Wall Street tactics, JPMorgan Chase rigged the rules in his favor. But the movement for corporate accountability lives on.

As JPMorgan Chase’s annual shareholder meeting ended on Tuesday, the conveners played Bruce Hornsby’s song “The Way It Is.” The celebratory DJ-ing came after shareholders voted down a proposal that would separate the role of the Board’s Chairman from that of the CEO; Jamie Dimon currently fills both roles. JPMorgan, who have been so successful in their fight to escape any accountability from regulators, has now also triumphed over the “threat” of an independent board chair more acco...