Tuesday, February 2, 2016

HOT Top US Banksters Holding Secret Summits

Jamie Dimon, chief executive of JPMorgan Chase, and Warren Buffett have convened sessions with the heads of BlackRock, Fidelity, Vanguard and Capital Groups, FT is reporting.

The group is discussing a statement of best practice on corporate governance. Discussions have focused on issues such as the role of board directors, executive compensation, board tenure and shareholder rights, all of which have been flashpoints at U.S. annual meetings.

The focus of the group in the big picture of things in the financial sector appears fairly innocuous, but when guys like this get together, when you have a crony activist government, it is always dangerous.


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