Former Exxon Chief Lee Raymond Shouldn't Be on JP Morgan Chase's Board [The New York Times]
JP Morgan Chase & Co. (JPM)
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Source: The New York Times
Skip to contentSkip to site indexToday’s PaperOpinion|Stuck in the Past on the Climatehttps://nyti.ms/2x414gSmentContinue reading the main storyShareholders at JP Morgan Chase should block a former Exxon chief from another term on the bank’s board.ByBill McKibbenMr. McKibben is a founder of the climate advocacy group 350.org and a leader of fossil fuel divestment efforts.Lee Raymond testifying on Capitol Hill in 2005.Credit...Chip Somodevilla/Getty ImagesIf you want to know why young peopleincreasingly despairAt a time when millions are losing their jobs, JP Morgan Chase said this month that 81-year-old Mr. Raymond would be up for re-election to his post as the bank’s lead independent director when its shareholders meet in May, despite the fact that he led a company that has helped cause chaos on a scale hard to even imagine.The bank said that Mr. Raymond had offered not to stand for re-election, given his age, but that the bank’s board wanted him to retain his seat because “his broad
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