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AFSCME director of capital strategies Lisa Lindsley explains why she wants to split Jamie Dimon's roles as chairman and CEO.
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And more -- we've got Adam Shapiro at the shareholders' meeting in Tampa -- They just voted to keep Jamie Dimon in place as chairman feeling rather forgiving Adam.
-- chairman and CEO of course the two billion dollar laws was an undercurrent of the meetings here with the shareholders.
One of the shareholders who address that issue indirectly joins me now Lisa Lindley.
Who is the capital strategist for asks me the American federation of state county municipal employees and your resolution to split.
Mr.
diamond's role as chairman and CEO of the two separate positions failed.
Is this because -- some politicians are saying that this bank is too big to managers they're not another issue why you want to split his role.
I think it JPMorgan -- is -- too big to -- isn't too big to fail.
We didn't want to split his role because we consider it to be a best practice in corporate governance that Jamie Dimon should not be both the Chief Executive Officer.
And running the board of directors that's charged with -- -- during the executive so why -- he's considered the best banker in the United States the president says this is the best managed bank in the United States you know I think it's time we stop treating CEOs like they were star athletes from musicians.
Highs this -- this job is too big to be done by two people and there's an apparent conflict of interest.
If you know -- the star -- drops mrs.
Foul ball.
The team might lose it Jamie Dimon drives said JPMorgan into a ditch millions of millions of people lose their jobs their houses and their -- yeah.
Or just say this that the for the last several years he -- -- -- well clear of that ditch.
Eighteen million dollars in profit last year on track possibly between two billion in profit and -- -- it clear of the problems that plagued banks because of the financial crisis.
-- I don't think he's really serious clear I think he's been fortunate I think he's good and he should remain CEO he shouldn't be his own boss he she -- chair of the board.
All right we he'll try again this resolution in the future won't try to hasn't I love with -- company and see if they'll talk to.
It's all right Lisa Leslie thank you very much aware throwback to you guys one other thing.
That came up -- this meeting it wasn't just the two billion dollar -- a great many questions and statements about the -- JPMorgan Chase is handling mortgage refinancing and foreclosures several people every one from a priest to housing advocates saying they are not cooperating with people in housing problem.
-- -- Thanks senator -- and we.
