Rob Cox helped establish Breakingviews in 2000 in London. From 2004 he spearheaded the firm's expansion in the United States and edited its American edition, including the daily Breakingviews columns in the New York Times and Wall Street Journal. Rob has worked as a financial journalist in London, Milan, New York, Washington, Chicago and Tokyo. Rob is a contributor to Newsweek magazine and MSNBC. Rob graduated from Columbia University’s Journalism School and the University of Vermont. Follow Rob on Twitter @rob1cox
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That’s a question investors must answer before voting to split the chairman and CEO roles at JPMorgan. The risk is that a governance win for shareholders prompts Dimon to leave. As petulant as that would be, cutting off your nose to spite your face is a bad investment strategy.
Another proxy adviser is urging JPMorgan shareholders to vote to split the chairman and CEO roles. Forcing it a year ago, right after the Whale trade erupted, would have been a punitive attack on Jamie Dimon’s stewardship. Now, it’s just a matter of implementing board best practice.
The Italian automaker and a union trust are $3 bln apart on the value of the 41.5 pct of the Motown manufacturer Fiat doesn’t already own. Yet the outcome – full integration – isn’t in doubt. In the end, an urgent need to raise equity may hasten Fiat’s move from Italy to America.
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