At JPMorgan Chase's annual shareholders' meeting in Tampa a year ago, the bank's CEO and chairman of the board, Jamie Dimon, was embarrassed when a close shareholder vote nearly stripped him of his chairman's job in the wake of the corporation's so-called "London Whale" trade loss, which ultimately cost Chase $6.2 billion.
But this afternoon, with more scrutiny on the banking superstar than ever (and rumors that he might bolt if the shareholder vote were successful this time around), only 32.2 percent of the shareholders voted to split his duties, thus insuring that the 57-year-old Dimon won't be leaving Chase anytime soon.
The vote was announced at the end of a two-hour meeting held at the bank's Highland Oaks Banking Center Branch, located just a long block east of MLK and Falkenburg Road in East Tampa.
In his opening remarks to the crowd of several hundred, Dimon cited the bank's record profits for the last three years, then segued to the problems that preceded today's highly anticipated event.
"There are things that we're not proud of," he confessed.
This article appears in May 16-22, 2013.
