TAMPA, Fla. (AP) — JPMorgan Chase CEO Jamie Dimon, facing shareholders five days after the bank disclosed a $2 billion trading loss, said Tuesday the company's mistakes were "self-inflicted."
Dimon, speaking at the company's annual meeting, also said the company supports better and smarter financial regulation.
Almost immediately, he faced a proposal to strip him of his chairman's title. Lisa Lindsley, director of capital strategies for an influential union of public employees, said independent board leadership was in shareholders' best interest.
"An all-powerful CEO is his own boss," she said. "Looking for an infallible CEO is a fool's errand."
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