Case Study Assignment Case Study is a method of applying theory to sound practical real-world applications. A case study provides a description of a problem situation taken from a specific company. The purpose of the case study is to augment the course content with applications that enable the students to apply text materials to a problem and solve that application problem. Please review the case "The Imperial CEO, JPMorgan Chase's Jamie Dimon" located in page 335 of our textbook and answer the questions at the end of the case. The case end questions are as follows:

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Homework Help - Q& x y! The Imperial CEO, JPM X Read the Chapter 10 | x A (PDF) THE IMPERIAL C X * 408875095 The Imper y plagiarism - Yahoo Se X + V X G shrewdwriters.com/2021/06/28/read-the-chapter-10-mini-case-the-imperial-ceo-jpmorgan-chases-jamie-dimon/#:~:text=The%20Imperial%20CEO%20%20J... a Amazon.com: Boss... Trump's Tax Plan: H. > Offshore Cayman 5... a Amazon.com: Boss... C Pricing - Online Ac... E Venture capital firm..V W Student loans in th.. >> Other bookmarks SHREWD Writers Home About Us Our Services Contacts FAQ Pricing Tables Place order Log in The Imperial CEO, JPMorgan Chase's Jamie Dimon Jamie Dimon, CEO of JPMorgan Chase & Co., is one of the very few top executives at large banks or major financial services firms who was unscathed by the sub- stantial economic recession which Archives began in 2008-a recession largely caused by those firms taking inap- propriate risks. He is described as charismatic and an excellent leader. Yet, in 2012, JPMorgan Chase experi- enced its September 2022 own scandal caused by exceptional risk taking. Traders in its London operations were allowed to build a huge exposure in credit derivatives that breached the acceptable risk limits of most August 2022 analytical models. As a result, the bank suffered losses of more than $6 billion. It is referred to as the London Whale trading debacle. In 2013 and 2014, there were large regulatory and legal July 2022 settlements. Most significant was a $13 billion settle- ment with regulators over mortgage bond sales in 2013. In addition, to this record settlement, "the bank paid $2.6 billion to resolve allegations June 2022 that it didn't stop Bernie Madoff's Ponzi scheme and two fines of about $1 billion each stemming from currency rate manipulation and the London Whale trading loss." It may need an additional May 2022 $20 billion in additional capital to satisfy reg- ulatory bank safety rules. One Democratic Senator from Delaware, Ted Kaufman, noted: "I think Jamie Dimon is Teflon-coated." Because of the huge April 2022 loss and concerns about the lack of oversight that led to these fines and settlement, there was a March 2022 move by shareholder activists to separate the CEO and chair of the board positions, requiring Dimon to hold only the CEO title. Playing key roles were the American Federation of State, County February 2022 and Municipal Employees (AFSCME) and the Institutional Shareholder Services (ISS). The AFSCME was pushing to separate the holders of the CEO and chair positions at JPMorgan Chase. The ISS was January 2022 pushing for shareholders to withhold the votes for three directors currently on the Morgan's board policy committee. Dimon described the London Whale debacle as an anomaly caused by the December 2021 Are Here Type here to search O Fi 70OF ADD 18 ENG 7:29 AM 9/17/2022Homework Help - Q& x y! The Imperial CEO, JPM X 1 new message X A (PDF) THE IMPERIAL C X * 408875095 The Imper X y plagiarism - Yahoo Se X + V X G shrewdwriters.com/2021/06/28/read-the-chapter-10-mini-case-the-imperial-ceo-jpmorgan-chases-jamie-dimon/#:~:text=The%20Imperial%20CEO%20%20J... a Amazon.com: Boss... Trump's Tax Plan: H. > Offshore Cayman S... a, Amazon.com: Boss... C Pricing - Online Ac... E Venture capital firm..V W Student loans in th.. >> Other bookmarks SHREWD Writers Home About Us Our Services Contacts FAQ Pricing Tables Place order Log in policy committee. Dimon described the London Whale debacle as an anomaly caused by the December 2021 inappropriate behavior of a few bad employees. However, this debacle plus the huge fines and settlements seems to suggest serious weaknesses in the bank's oversight of activities involving November 2021 significant risk and compliance with regulatory rules. Executives and board members of JPMorgan Chase worked hard to thwart these efforts. Lee Raymond, the for- mer CEO of ExxonMobil who has October 2021 been on the JPMorgan board for 28 years, played a key role in these efforts to support Dimon and avoid a negative vote. This group lobbied major institutional shareholders and even asked (though September 2021 he declined) former U.S. President Bill Clinton to help work out a compromise with the AFSCME. August 2021 They even suggested that Dimon would quit if he had to give up one of the roles and it would harm the stock price. In the end, Dimon and the bank won the vote with a two- thirds majority for Dimon July 2021 to retain both positions. Several analysts decried the vote and suggested that having a third of the shareholders vote against Dimon is not a major vote of confidence. One even suggested that the June 2021 vote is not surprising because of the 10 largest institu-tional owners of the bank's stock, seven have CEOs who also hold the chair position. So, how could they openly argue that this is bad for May 2021 JPMorgan when they do it in their organizations? Furthermore, these major institutional investors want the banks to engage in high-risk activities with the potential to produce high returns. This is April 2021 especially true because the downside risk of losses is low as the government cannot afford to allow the big banks to fail. One analyst suggested that the shareholders voted out of fear (potential loss March 2021 of Dimon) and for personal- ity instead of good corporate governance. Analysts for the Financial February 2021 Times argued that the outcome of this vote demonstrates how weak shareholder rights are in the United States. Finally, another analyst noted that while splitting the CEO and chair positions does January 2021 not guarantee good governance, it is a prerequisite for it. Lee Raymond suggested that the board would take action. Several speculate that such actions will not relate to Dimon duel positions, but December 2020 he Are Here rather to a reconfiguration of the board members on the risk and audit committees. Some have Type here to search O 70OF A D 0 0 18 ENG 7:30 AM 9/17/2022Homework Help - Q& x y! The Imperial CEO, JPM X 1 new message X A (PDF) THE IMPERIAL C X * 408875095 The Imper X y plagiarism - Yahoo Se X + V X G shrewdwriters.com/2021/06/28/read-the-chapter-10-mini-case-the-imperial-ceo-jpmorgan-chases-jamie-dimon/#:~:text=The%20Imperial%20CEO%20%20J... a Amazon.com: Boss... Trump's Tax Plan: H. > Offshore Cayman S... a Amazon.com: Boss... C Pricing - Online Ac... Ei Venture capital firm..V W Student loans in th.. >> Other bookmarks SHREWD Writers Home About Us Our Services Contacts FAQ Pricing Tables Place order Log in been on the JPMorgan board for 28 years, played a key role in these efforts to support Dimon and avoid a negative vote. This group lobbied major institutional shareholders and even asked (though September 2021 he declined) former U.S. President Bill Clinton to help work out a compromise with the AFSCME. August 2021 They even suggested that Dimon would quit if he had to give up one of the roles and it would harm the stock price. In the end, Dimon and the bank won the vote with a two- thirds majority for Dimon July 2021 to retain both positions. Several analysts decried the vote and suggested that having a third of the shareholders vote against Dimon is not a major vote of confidence. One even suggested that the June 2021 vote is not surprising because of the 10 largest institu-tional owners of the bank's stock, seven have CEOs who also hold the chair position. So, how could they openly argue that this is bad for May 2021 JPMorgan when they do it in their organizations? Furthermore, these major institutional investors want the banks to engage in high-risk activities with the potential to produce high returns. This is April 2021 especially true because the downside risk of losses is low as the government cannot afford to allow the big banks to fail. One analyst suggested that the shareholders voted out of fear (potential loss March 2021 of Dimon) and for personal- ity instead of good corporate governance. Analysts for the Financial February 2021 Times argued that the outcome of this vote demonstrates how weak shareholder rights are in the United States. Finally, another analyst noted that while splitting the CEO and chair positions does January 2021 not guarantee good governance, it is a prerequisite for it. Lee Raymond suggested that the board would take action. Several speculate that such actions will not relate to Dimon duel positions, but December 2020 rather to a reconfiguration of the board members on the risk and audit committees. Some have argued that certain members of these com- mittees have little knowledge of their function and/or November 2020 have financial ties to the bank, thereby creating a poten- tial conflict of interest. One protection for Dimon is that the JPMorgan Chase continues to perform well, even with poor ratings from October 2020 governance evaluators. September 2020 he Are Here Type here to search O 70OF ~ DO 0 18 % ENG 7:30 AM 9/17/2022