Demoting Jamie Dimon won’t fix JPMorgan’s poor governance

If we had to boil down the chairman’s job to one basic goal, it would be to create value for shareholders. Dimon has delivered on this score: JPMorgan remained profitable during the financial crisis and last year had a record $21 billion in earnings. The question shareholders should ask is whether he can sustain that performance as the bank continues to grow and gain market share. Unless the bank borrows less, raises more capital and takes fewer risks, that will be difficult — regardless of whether Jamie Dimon has one job or two.

Bloomberg News (May 21)

http://bangordailynews.com/2013/05/21/opinion/other-voices/demoting-jamie-dimon-wont-fix-jpmorgans-poor-governance/