Thursday, May 09, 2013

A very strange defense of Jamie Dimon

Jeffrey Sonnenfeld teaches at Yale and has studied corporate governance for 35 years.  So why does he think that Dimon is the victim of a witch hunt because some shareholders are pushing to separate the CEO and Chairman roles at JPM?  He spends the entire article pointing out situations where this combination of roles has not worked out for some companies.  He does not point out any companies which have been as subsidized by us as JPM.  He does not point out any companies that have violated the law as many times as JPM.  He does not point out any companies where the CEO was unaware of billion dollar mistakes taking place. 

I wonder how close Prof. Sonnenfeld is to Mr. Dimon.

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