JPMorgan Announces It Will Remove Former Exxon CEO As the Bank’s Lead Director

In its most recent public corporate filings, JPMorgan Chase stated that it would be appointing a new lead independent director by the end of the summer of 2020, removing the former CEO of Exxon Mobil, Lee Raymond, after progressives and climate advocates publicly campaigned for his removal. 

Why This Matters:  Bill McKibben, the founder of 350.org wrote a high profile op/ed in the New York Times ten days ago arguing that the company was stuck in the past on climate change, and urging JP Morgan shareholders to vote Raymond out, as did New York City’s pension fund.

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