JPMorgan eschews proxy advisers for internal AI tool
By Lamar Johnson
AI Summary
- JPMorgan's asset management unit has stopped using proxy advisers like ISS and Glass Lewis for U.S. voting decisions.
- CEO Jamie Dimon had criticized these advisers for years.
Texas Relevance
The article does not mention Texas, TCUD, or any Texas-specific entities.
Original Content
After CEO Jamie Dimon railed against the advisers for years, the bank’s asset management unit cut firms like ISS and Glass Lewis out of U.S. voting decisions.