JPMorgan (JPM) Insiders Believe Dimon Will Win Shareholder Vote - Gasparino
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Insiders at JPMorgan (NYSE: JPM) believe that shareholders will vote against splitting the chairman and CEO rose and Jamie Dimon will retain both, FOX Business Network's (FBN) Senior Correspondent Charlie Gasparino reports.
"Inside JPMorgan they believe they're going to win this vote... they feel it's going to be close but that [JPMorgan Chase Chairman and CEO] Dimon will retain both roles," Gasparino reported. "They basically say major shareholders have not made up their mind just yet officially. Blackrock, Fidelity, T Rowe Price, those are the major shareholders, they will make up their mind on Friday or Monday but based on what they’re hearing they will likely win their vote. They voted for keeping the role together last time last year, they’re likely – 40%- to do it this year."
The report also said that Dimon is serious when he said he will leave the bank, although he won't leave them high and dry.
"Friends of Dimon's tell me he is really serious when he says he might leave but here's how he will do it," Gasparino explains. "He won't leave them in the lurch. What you’re likely to see within some period of time is Jamie Dimon announce when he's going to leave the bank at some future date, that he will groom a successor and that he will limit his time."
"Inside JPMorgan they believe they're going to win this vote... they feel it's going to be close but that [JPMorgan Chase Chairman and CEO] Dimon will retain both roles," Gasparino reported. "They basically say major shareholders have not made up their mind just yet officially. Blackrock, Fidelity, T Rowe Price, those are the major shareholders, they will make up their mind on Friday or Monday but based on what they’re hearing they will likely win their vote. They voted for keeping the role together last time last year, they’re likely – 40%- to do it this year."
The report also said that Dimon is serious when he said he will leave the bank, although he won't leave them high and dry.
"Friends of Dimon's tell me he is really serious when he says he might leave but here's how he will do it," Gasparino explains. "He won't leave them in the lurch. What you’re likely to see within some period of time is Jamie Dimon announce when he's going to leave the bank at some future date, that he will groom a successor and that he will limit his time."
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