Jamie Dimon has consulted lawyers, public relation experts and bankers as JPMorgan Chase wrestles with the fallout from a multibillion-dollar trading loss. But the bank chief has received advice from an unexpected corner: Lloyd Blankfein of rival Goldman Sachs.
The New York Times reports that the two executives have talked privately a number of times in recent months about the challenges that Dimon is facing, people with knowledge of the relationship but not authorized to speak on the matter, have said.
JPMorgan is battling a shareholder vote on whether to separate Dimon’s positions as CEO and Chairman, and is also dealing with a number of regulatory investigations. The vote is coming to a head. Within the last week shareholders have been casting their ballots, but at least a handful of major shareholders have yet to vote, according to others briefed on the matter but not authorized to speak on the record.
Hit the link below to access the complete New York Times article: