May 21, 2013 |
A JPMorgan Chase & Co. shareholder proposal to split the bank's chairman and chief executive roles -- now both held by Jamie Dimon -- failed to win a majority's support Tuesday. The proposal to split Dimon's jobs at the nation's largest bank won only 32.2% of the votes, according to a preliminary tally announced at JPMorgan's annual shareholder meeting in Tampa, Fla.. The marquee vote was seen as a referendum on Dimon's leadership and as a potential harbinger of growing shareholder power in corporate decision-making.
May 17, 2013 |
NEW YORK - A major shareholder vote next week has Wall Street abuzz over the power and future of Jamie Dimon, leader of the country's biggest bank. As chairman and chief executive of JPMorgan Chase & Co., Dimon burnished his reputation by steering the bank through the financial crisis virtually unscathed. Charismatic and articulate, Dimon emerged as Wall Street's most public face, an effective spokesman for an industry under siege by lawmakers, regulators and protesters. Now Dimon is facing a shareholder push to strip him of the chairman's job. Tuesday's vote at JPMorgan's annual shareholder meeting in Tampa, Fla., isn't binding, but it has nevertheless become a marquee referendum whose results could rattle nerves across the financial industry.
May 8, 2013 |
Jack Welch is throwing his support - such as it is - behind Jamie Dimon, the embattled leader of JPMorgan Chase & Co. Dimon is scrambling to hang on to the chairmanship of his company in the aftermath of an embarrassing trading mishap by the now-infamous "London Whale" that has blotted Dimon's once-unassailable record. Dimon remains chief executive of the banking giant. But critics are pressing JPMorgan to separate the CEO and chairman roles. Corporate-governance advocates say such moves help prevent a powerful leader, even a visionary or successful one, from amassing too much clout in the boardroom.
April 26, 2013 |
Adam Levine, Jamie Chung ("The Hangover Part II" ), Peter Facinelli ("Twilight" series) and other celebs stepped out Thursday night in honor of the April/May issue of Nylon Guys magazine. The Asos clothing brand teamed up with Nylon editor in chief Marvin Scott Jarrett and publisher Jaclynn Jarrett on the event, which was held at the back patio of Dominick's restaurant in West Hollywood and celebrated Levine's cover. Levine and fellow Maroon 5 band members James Valentine, Matt Flynn and Mickey Madden dined under the stars with the Nylon and Asos crews at a private meal that kicked things off. Cover-boy Levine donned gray pants and a white striped oxford shirt with the sleeves rolled up to reveal his signature tattooed arms.
April 24, 2013 |
Jamie McCourt has no claim to half the proceeds from the sale of the Dodgers and no grounds to throw out a divorce settlement never intended to provide her with that, an attorney for Frank McCourt argued in court Wednesday. Los Angeles Superior Court Judge Scott Gordon heard closing arguments in the matter on Wednesday, then indicated he would not rule before a related procedural hearing on June 5. The Dodgers were sold for $2 billion last year, five months after Jamie McCourt agreed to settle the couple's divorce by relinquishing any claim to the team in exchange for $131 million.
April 19, 2013 |
Neither Frank nor Jamie McCourt spared any expense in enlisting a team of attorneys for what is believed to be the costliest divorce case in California history. The case had apparently ended with a settlement in October 2011, in which Jamie McCourt accepted $131 million and relinquished any claim to the Dodgers. Jamie McCourt signed the agreement against the advice of one of her attorneys, Bert Fields. In an email he sent to one of Frank McCourt's attorneys, Fields said he had advised Jamie McCourt not to proceed, in the belief that her ex-husband had not provided all the financial information necessary "for her to make an informed decision.
April 19, 2013 |
In October 2011, Jamie McCourt agreed to a divorce settlement in which she would get $131 million and give up any claim to the Dodgers. Six months later, the Dodgers sold for $2 billion. "I was surprised I could have made such a huge mistake," she testified Friday. McCourt returned to Los Angeles Superior Court on Friday, for the first day of a hearing in which she has asked Judge Scott Gordon to throw out the divorce settlement. Frank McCourt, her ex-husband and the former Dodgers owner, also was in court, although Jamie McCourt was the only witness to testify Friday morning.
April 12, 2013 |
By next month, JPMorgan Chase & Co. will know whether shareholders want to strip the bank's star chief executive of his chairmanship. If a majority supports splitting the roles, what will Jamie Dimon do? Dimon, who holds both jobs, declined to say in a conference call with reporters early Friday. It was an issue for JPMorgan's board, he said. "You should always listen to your shareholders,” Dimon said. "The board has plenty of time to think it through. " Some major shareholders have been calling for splitting the roles, saying it is a "best practice" for corporate governance.
April 11, 2013 |
It may not be a good day for Jamie Foxx's movie "Django Unchained" in China . But, hey, at least the actor is getting some love from Syfy. The network announced Thursday that the actor will be executive-producing, writing and directing a five-episode horror anthology for them. The untitled series, produced through the actor's Foxxhole Productions, will roll out this year as part of Syfy's 31 Days of Halloween this October. The episodes will consist of morality tales, according to the release, in the vein of "Tales from the Crypt" and "The Twilight Zone.
March 29, 2013 |
Could it be time to get out of Dodge? Former Dodgers Chief Executive Jamie McCourt is quietly offering her Westside estate at $65 million. The Palladian-style villa, which is not in the Multiple Listing Service, was marketed as having 20,000 square feet of living space when she and ex-husband Frank McCourt bought the property in 2004 for about $25 million. Also on the 2.6-acre site then were two guesthouses, a tennis court and an outdoor swimming pool. She has since added a subterranean indoor pool.