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Wednesday, May 15, 2013
Jamie Dimon In Hot Seat, Takes Advice From Lloyd Blankfein
May 15 (Bloomberg) -- In today's "Movers & Shakers," Bloomberg's Betty Liu reports on exchanges between Lloyd Blankfein and Jamie Dimon. She speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)
What is very dangerous is the conflicts of interest both in the campaigning and the Chair/CEO duality itself have been treated by Dimon, the board, and now even a significant number of the bank's stockholders as irrelevant or nugatory. The assumption that a good CEO nullifies the risk in the conflicts of interest is dangerous because the CEO may not actually be good (e.g., a huge trading loss and loss of regulators' confidence). For more, see http://www.thewordenreport.blogspot.com/2013/05/jamie-dimon-as-chair-and-ceo-conflict.html
What is very dangerous is the conflicts of interest both in the campaigning and the Chair/CEO duality itself have been treated by Dimon, the board, and now even a significant number of the bank's stockholders as irrelevant or nugatory. The assumption that a good CEO nullifies the risk in the conflicts of interest is dangerous because the CEO may not actually be good (e.g., a huge trading loss and loss of regulators' confidence). For more, see http://www.thewordenreport.blogspot.com/2013/05/jamie-dimon-as-chair-and-ceo-conflict.html
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