text: The CEO of JPMorgan Chase survived a shareholder push Tuesday to strip him of the title of chairman of the board, five days after he disclosed a $2 billion trading loss by the bank. 
   
   Hillsborough Sheriff deputies patrol outside the gate of JPMorgan Chase annual stockholders meeting held Tuesday, May 15, 2012, in Tampa, Fla. JPMorgan Chase CEO Jamie Dimon will speak to shareholders... (Associated Press) 
   
   Protestors hold signs outside the gate of JP Morgan Chase annual stockholders meeting held Tuesday, May 15, 2012, in Tampa, Fla. JPMorgan Chase CEO Jamie Dimon, facing shareholders five days after the... (Associated Press) 
   
   A poster of JPMorgan Chase CEO Jamie Dimon is covered with eggs thrown by protesters, outside the gate of JP Morgan Chase annual stockholders meeting, Tuesday, May 15, 2012, in Tampa, Fla. JPMorgan Chase... (Associated Press) 
   
   Hillsborough Sheriff deputy patrols outside the gate of JP Morgan Chase annual stockholders meeting held Tuesday, May 15, 2012, in Tampa, Fla. JPMorgan Chase CEO Jamie Dimon will speak to shareholders... (Associated Press) 
   
   An employee checks in outside the gate of JPMorgan Chase annual stockholders meeting held Tuesday, May 15, 2012, in Tampa, Fla. JPMorgan Chase CEO Jamie Dimon will speak to shareholders five days after... (Associated Press) 
   
   CEO Jamie Dimon also won a shareholder endorsement of his pay package from last year, which totaled $23 million, according to an Associated Press analysis of regulatory filings. 
   
   Dimon, unusually subdued, told shareholders at the JPMorgan annual meeting that the company's mistakes were "self-inflicted." Speaking with reporters later, he added: "The buck always stops with me." 
   
   Most of the shareholder ballots were cast in the weeks before Dimon revealed the trading loss. 
   
   His pay package passed with 91 percent of the vote. The vote to strip him of the chairman's title won only 40 percent support. The bank did not announce separate results from before and after the loss was revealed. 
   
   Dimon was confronted at the meeting by shareholders upset about the trading loss, which has rattled investor confidence in the bank and complicated JPMorgan's efforts to fight tougher regulation of Wall Street. 
   
   Rev. Seamus Finn, representing shareholders from the Catholic organization Missionary Oblates of Mary Immaculate, said that investors had heard Dimon apologize before for the foreclosure crisis and other problems. 
   
   "We heard the same refrain: We have learned from our mistakes. This will never be allowed to happen again," Finn said. "I can't help wondering if you are listening." 
   
   Lisa Lindsley, director of capital strategies for an influential union of public employees that is also a major JPMorgan shareholder, said independent board leadership was in shareholders' best interest. 
   
   "An all-powerful CEO is his own boss," she said. "Looking for an infallible CEO is a fool's errand." 
   
   Investors have pummeled JPMorgan's stock price since the loss was revealed. The stock lost 12 percent in two trading days and lost almost $20 billion in market value. It bounced back on Tuesday, rising 3 percent. 
   
   Dimon said he did not expect the trading loss to jeopardize JPMorgan's quarterly stock dividend, which is 30 cents per share. 
   
   There was a heavy police presence at the meeting, in an office park east of downtown Tampa. Protesters were there as well, including some who threw eggs at a poster with Dimon's picture on it. 
   
   "We wanted to let Jamie Dimon know how we feel about what big banks have done to our economy," said Marilyn Lyday, a member of the protest group Occupy Orlando. 
   
   Dimon got something of a vote of confidence from President Barack Obama, who appeared on ABC's "The View" for an episode airing Tuesday. Obama used the appearance to press for tighter regulation of Wall Street. 
   
   "JPMorgan is one of the best-managed banks there is," the president said. "Jamie Dimon, the head of it, is one of the smartest bankers we got, and they still lost $2 billion and counting." 
   
   Obama said the bank was "making bets" in the market for the complex financial instruments known as derivatives. Dimon has said the bank was hedging against financial risk. 
   
   A part of the 2010 financial overhaul legislation known as the Volcker rule would restrict banks from some trading for their own profit. Dimon and critics of the industry have disagreed over whether JPMorgan's trading would have violated that rule. 
   
   In Washington, Treasury Secretary Timothy Geithner said JPMorgan's trading loss strengthens the case for tougher rules on financial institutions, as regulators continue writing rules from the 2010 law. 
   
   Geithner said that the Federal Reserve, the Securities and Exchange Commission and the Obama administration are "going to take a very careful look" at the JPMorgan incident as they implement the rules. 
   
   "I'm very confident that we're going to be able to make sure those come out as tough and effective as they need to be," Geithner said. "And I think this episode helps make the case, frankly." 
   
   At the annual meeting for the investment bank Morgan Stanley, which took place Tuesday in upstate New York, CEO James Gorman appeared to allude to the JPMorgan trading loss when he said: "Events of the last few days remind us that risk levels remain high in the global markets." 
   
   He noted twice that Morgan Stanley has jettisoned or is in the process of dumping all of its businesses that do proprietary trading, or trading for the bank's own profit. 
   
   Gorman also said, unprompted, that the bank maintains the right to take back pay from executives who act improperly. Gorman was confronted by shouting protesters who said the loss at JPMorgan was proof that banks are out of touch with their customers. 
   
   On Monday, Ina Drew, JPMorgan's chief investment officer and one of the highest-ranking women on Wall Street, left the bank. Drew oversaw the trading group responsible for the $2 billion loss. 
   
   ___ 
   
   Pallavi Gogoi reported from New York. AP Business Writer Christina Rexrode contributed from New York and Associated Press writer Andrew Taylor from Washington. ||||| National September 11 Memorial MuseumArchive-It Partner Since: Dec, 2007Organization Type: Museums & Art LibrariesOrganization URL: http://www.national911memorial.org The National September 11 Memorial Museum is committed to documenting the events, immediate aftermath, and continuing repercussions of the terrorist attacks of September 11, 2001 and February 26, 1993. To that end, the Memorial Museum's Web Archive seeks to identify and preserve web sites that reflect the international scope of this emergent history. These sites will be continually sourced from a wide variety of contributors, and will serve to reflect the full breadth of the post-9/11 world.References to Institution as a partner on Internet Archive's Website shall carry no legal meaning and simply reflects Institution's status as a user of Internet Archive's Services pursuant to this Agreement.
target: – Maybe Jamie Dimon will go on trial after all? That's getting way ahead of things, but the Justice Department has opened an inquiry into the JPMorgan trading scandal, sources tell the Wall Street Journal. It's currently unclear what legal violations it's looking into, but the probe will be separate from the SEC's investigation, which is looking at the company's accounting and disclosures. But there is good news for Dimon: Shareholders today rejected a motion to oust him from his post as chairman, though there was serious support for it; 40.1% of votes were cast in favor of splitting up the jobs of chairman and CEO, Reuters reports. The AP adds that he also won a shareholder endorsement of his 2011 $23 million pay package, but notes that most of the shareholder ballots were cast weeks ago.