Second proxy firm calls for split of Dimon's role

May 07, 2013, 10:48 AM EDT
JP Morgan Chase and Company CEO Jamie Dimon answers a question at the U.S. Senate hearing on Capitol Hill in Washington in this file photo taken June 13, 2012.
REUTERS/Larry Downing/Files

Glass, Lewis has followed its fellow shareholder proxy firm ISS in calling for JPMorgan Chase to split the roles of its chairman and chief executive. The call dims the prospect for Jamie Dimon to hold onto the chairmanship at the bank's annual meeting due to be held in Tampa on May 21. At last year's meeting, two out of five shareholders voted for the split. Since then, the bank has lost $6 billion from its "London Whale" trades and the bank's management has come under shareholder and Congressional criticism for lax oversight.