From Yahoo News:

In a 2005 letter, then-Chairman & CEO William B. Harrison Jr. and then- President & COO Jamie Dimon stated, “We apologize to the African-American community, particularly those who are descendants of slaves, and to the rest of the American public…” This apology was accompanied by a Company pledge to establish a $5 million scholarship fund for African-Americans. Dimon now serves as Executive Chairman and CEO.

Wow… funny stuff. Not sure how I missed this back then. I’m glad the shareholders are pissed. If I had investments in JPMorgan I’d be transfering them right now. How is it that they are just now making a big deal about this? Better late than never I suppose.

Unfortuantly at this time I’m unable to find anything about the result of todays meeting.

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