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The moves disclosed Wednesday were broad, multifaceted and affected nine executives.
July 22 -
Shareholders of JPMorgan Chase voted in favor of Jamie Dimon keeping the chairman and chief executive roles. They likely fear Dimon would retire if stripped of one of the jobs.
May 19 -
Bank of America's shareholders cast far fewer votes than a year earlier for a key director who helped combine the titles of chairman and chief executive, allowing Brian Moynihan to hold both posts while sparking anger among investors.
May 8
Bank of America shareholders should vote to separate the chief executive and chairman roles currently held by Brian Moynihan, CtW Investment Group said.
The bank is holding a Sept. 22 vote to approve bylaw changes that allowed Moynihan to add the chairman title last year. The Charlotte, N.C.-based company took a "big step backwards" when it replaced its independent chairman with a lead director, CtW said Friday in a letter posted on its website.
CtW, in Washington, advocates for union-affiliated pension funds that collectively manage more than $200 billion, according to its website. CtW is associated with Change to Win, a federation of unions that represent about 5.5 million members.
