Jamie Dimon, chief executive officer of JPMorgan Chase & Co., pauses during a Bloomberg Television interview in Paris, France. (Photographer: Christophe Morin/Bloomberg)

Jamie Dimon Says Shareholder Meetings Have Become ‘A Farce’

(Bloomberg) -- JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the number of U.S. publicly traded companies is dwindling in part because of excessive litigation and “frivolous shareholder meetings.”

Jamie Dimon Says Shareholder Meetings Have Become ‘A Farce’

“I love my shareholders. I speak to them in various forms all the time,” Dimon said Tuesday at the American Enterprise Institute in Washington. “But the shareholder meeting has become a farce. That’s what it is, we all know that.”

Many companies are averse to initial public offerings also because of regulations that accompany a share sale, Dimon said.

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