The Dimon Dilemma: Who Could Replace Him?

by Wall Street Job Report on May 23, 2013

Forget the past month of investors worrying Jamie Dimon has too much power, in the end it was clear investors are much more afraid of the eventual void he’ll leave.

As activist shareholders attempted to strip Dimon of his dual chairman and CEO roles citing corporate governance practices, the fight became a referendum on Dimon’s performance. When Dimon told a private meeting of investors the worst case scenario was he could leave if he lost the vote, it raised the specter of a J.P. Morgan JPM -0.65%without Dimon.

Investors clearly chose Dimon.

That, in part, makes any … Read More »

Miami Workers Bribed, and Shortchanged, Venezuelan Banker, U.S. Says

by Wall Street Job Report on May 23, 2013

Miami Workers Bribed, and Shortchanged, Venezuelan Banker, U.S. SaysCARACAS, Venezuela — There may be no honor among thieves, but there certainly is no shortage of chutzpah.

First came the hefty kickbacks that employees at a Miami brokerage office pledged to pay María de los … Read More »

Volcker: Multiple Bank Regulators Is ‘Recipe for Getting Nothing Done’

by Wall Street Job Report on May 23, 2013

Volcker: Multiple Bank Regulators Is ‘Recipe for Getting Nothing Done’Paul Volcker, the former chairman of the Federal Reserve, says the U.S. has too many agencies charged with the supervision and regulation of banks.

“It’s a recipe for getting nothing done,” he said at a forum at George … Read More »

Gleacher: The Little Bank That Couldn’t

by Wall Street Job Report on May 23, 2013

Gleacher: The Little Bank That Couldn’tCall it the little bank that couldn’t.

Gleacher & Co. shareholders meet Thursday to vote on directors who are supporting a liquidation or sale of the beleaguered advisory firm.

It marks the end of a bitter episode for Eric Gleacher, a M&A banker from the … Read More »

Wall Street justice should be delivered in open court

by Wall Street Job Report on May 23, 2013

Wall Street justice should be delivered in open courtAfter six years of scrutiny, and repeated legal action against those around him, Steve Cohen remains a free man. His $15bn hedge fund SAC Capital is still in business and he still firmly maintains his innocence, … Read More »

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