Read the mini-case “The Imperial CEO, JP Morgan Chase’s Jamie Dimon” on P.335 in the text. Answer the following questions in a single Word document.
- What is CEO duality? What potential problems does it have on a firm’s corporate governance? (5 points)
- Evaluate the governance systems of JP Morgan Chase. How well does it protect shareholders’ interests? (5 points)
- Should the board get rid of CEO duality? Why or why not? What hindered the shareholder activists’ efforts to separate the two positions? (5 points)