Mike Appleton
Can't-miss stories from the Web
Jamie's needless drama
JPMorgan Chase & Co.'s upcoming annual meeting won't be the first to feature a non-binding shareholder proposal for separating Jamie Dimon's CEO and chairman positions, but it will be the first time the vote will be viewed as a referendum on his performance. Bloomberg's Jonathan Weil explains why stepping down would ultimately be an act of strength by Mr. Dimon.
In other JPMorgan-related news, an influential shareholder advisory firm has recommended that investors withhold their support for three other directors, citing "material failures of stewardship and risk oversight" in the wake of a big trading loss last year.
Another call to break up the banks
You can add Warren Buffett lieutenant Charlie Munger to the group of people calling for the breakup of the big banks.
Buybacks at the peak
Executives are repeating the mistake they made in 2007 – namely, rushing toward share buybacks when the markets are at record highs.
Questioning Ackman's tactics
Omega Advisors CEO Leon Cooperman called activist investor and Herbalife nemesis Bill Ackman "foolish" over the weekend – not for shorting the weight loss company, but for being so public about it.
(Jody White is the Web Editor for Streetwise.)
Return to Streetwise home page.