BANKTHINK

Pushovers in the Boardroom; Serial Bungling in the Foreclosure Settlement; Should Art Galleries File SARs?

Receiving Wide Coverage ... Doormat Directors: With little more than a week to go before JPMorgan's annual meeting, some shareholders are wondering whether Lee Raymond, the board's lead director, "has been an effective counterbalance" to chairman and CEO Jamie Dimon, the Times reports. If they conclude that Raymond, a former CEO of Exxon-Mobil, has been too lax in his oversight of the bank's management, these shareholders may vote to split the chairman and CEO roles. In…

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