Is Jamie Dimon headed for a demotion?

Warren Buffett is "100 percent for Jamie" — but JPMorgan Chase's shareholders may beg to differ

Not everyone is so supportive of Jamie Dimon as Warren Buffett is.
(Image credit: Donald Bowers/Getty Images for FORTUNE)

On May 21, JPMorgan Chase's shareholders will vote on whether to oust Jamie Dimon as chairman of the board, thereby leaving the outspoken banker with just one title, that of CEO.

Call it a trend. Many publicly traded companies have abolished the arrangement in which the chief executive also runs the committee that makes all the hiring and firing decisions. The idea is that the split allows the board more independence.

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Carmel Lobello is the business editor at TheWeek.com. Previously, she was an editor at DeathandTaxesMag.com.