| inbluevt | Date: Sunday, 2013/05/05, 8:05 PM | Message # 1 | DMCA |
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A major shareholder said it will vote against several JPMorgan Chase directors this month, accusing them of failing to control risks at the
largest U.S. bank.
CtW Investment Group -- which works with union-sponsored pension funds -- owns 6 million shares of JPMorgan valued at $285 million. That hardly makes it the bank's largest shareholder, but the group has been vocal about its discontent with board members who failed to prevent a
trading loss in 2012 that topped $6 billion.
The shareholder group met with bank directors in 2011 to discuss the issue of controlling risky bets, The New York Times reported Saturday.
Read more: http://www.upi.com/Busines....TDFOLkB
Message edited by inbluevt - Sunday, 2013/05/05, 8:07 PM |
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