Thanks. Will do.

dwRK

I am in the midst of voting for the election of JPM's board of directors. One person that stands out is Linda B. Bammann. She worked at JPM previously and retired in 2005, then elected as director for JPM since 2013.

The proxy statement says all directors other than the CEO is independent, but it's hard to convince me that a former JPM employee is "independent". Moreover, she is the chair of the risk committee.

For some reasons (you can read in the proxy statement PDF page 24 https://www.jpmorganchase.com/content/dam/j...atement2022.pdf ), JPM says she passed NYSE's listing standards and JPM's own independence standards and she has "immaterial relationships" with JPM.

To say that a former employee has "immaterial relationships" with the firm sounds like a joke to me. Letting a former employee to chair a supposedly-independent risk committee might also present significant conflict of interest.

I wonder if the rules are too lax at NYSE/JPM? Planning to vote against her appointment to JPM board but need some opinions from others here.

FT 200422: https://drive.google.com/file/d/1wEc0IgoEov...iew?usp=sharing

so she worked hard in jpm, rise up the rank until retired, later jpm invited her back as director, and continued there for past 9 years... you bought 1 share this year and thinks she is problem?...

immaterial relationship just means she doesn't have a big enough vested interest that would cloud her decisions regarding the company... eg such as big chunk of jpm or competitor stocks, family members working in jpm, etc... it is obvious she is friend with jpm, nothing wrong with it... also you can excuse yourself from voting or sitting in committees that has potential for conflict of interest... this doesn't prevent a person from doing a good job elsewhere... the board has many people that can provide check n balance as well...

Fine you got some fair points. Maybe I am too suspicious. Looking at the board consituents, some of them are clients of JPM too.

I don't doubt her professionalism as director, but still feels the labelling of "independent" doesn't quite make sense. The same can be said about Todd Combs from BRK too.

I mean you can be director, but dropping the "independent" label sounds more reasonable.

independent director is a term used for directors that meet certain criteria... go read up on the types of board of directors... as opposed to non-independent directors what works for jpm or has big shares in jpm, etc....

so you are either an insider non-independent or outsider independent...

This post has been edited by dwRK: Apr 20 2022, 01:32 PM

Still a lot of stuffs for me to read.

you willing to learn... so i help point the direction lor... diy you'd remember more...

When you're about to transfer your money then you notice the spike in the conversion rate. I thought it's a mistake and google it... Ouch MYR depreciate.



This post has been edited by Lon3Rang3r00: Apr 20 2022, 08:39 PM

Of course as now us inflation very high so people expect fed to increase interest rate.
If US giving 8%pa for FD Vs your Malaysia 3%p.a you don't want to out FD in US?

all this while I thought inflation is making their currency weaker?

no... usd dropped today against major currencies... but it went up instead against myr... so most likely is ringgit dumping...

my conspiracy theory is BNM dropped the rates so that when epf repatriates foreign funds for the 10k withdrawal they get more ringgit... also this encourages other monies in... more costly to send money out...

currently us rates still sucks, 1 yr fd at 0.05% pa...

met my predictions from last week

Expectation that interest rate might rise in US to combat inflation.

😡😡
Actually doesn't make sense as
1. Palm oil is high
2. Oil is high

they are sold in USD...

Yes. But isn't it if companies getting paid in USD, they can convert more into RM right?

yup... gets more myr... & pay more tax...

Lol.

This post has been edited by Ramjade: Apr 21 2022, 09:35 AM

for me options is like trying to predict the future.. what if you use all the tools in the world and still predict wrong due to some unexpected event?
also a high entry point either need 100 shares or on margin.
for me I don't invest using margin, only what I have and ok with if meet losses. Can't afford to buy any stock or ETF x100 as well. Sure there are cheap stocks like Palantir, but how do you know suddenly some redittors will ban together and manipulate such as what they did with Gamestop? If want to do options also choose good quality stocks or ETFs that is less susceptible to market swings or these manipulations.

want simple, just stick to stocks or ETFs.

when retired one day got a lot spare cash and time, then go into options for some fun.

many articles out there push options.. but remember they are a business as well with connections. Could be they do it to boost those broker's business. Options is a good source of revenue for brokers with so much speculation and gambling involved.

This post has been edited by Davidtcf: Apr 21 2022, 10:20 AM

I would prefer to do the trial run now then later, on cheaper but potential stocks. It's ok to lose $13,00 than to lose $400,000. (Actually not really losing, you're just buying the stock at the price you strike - the premium you earned).
Oh ya, can we do Options on Paper Account account?