Wall Street

JPMorgan Isn’t Just a Bank – But It Should Be

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ValueWalk

If JPMorgan Insists on Embracing “Stakeholder Capitalism,” It May Need to Become a Public Benefit Corporation Instead Q1 2022 hedge fund letters, conferences and more JPMorgan’s Stakeholder Capitalism ModelFEP Associate Ethan Peck, who presented the proposal at the virtual meeting, argued that the bank’s stakeholder capitalism model – which seeks to serve all stakeholders instead of just shareholders – better matches the definition of a public benefit corporation than the bank’s current status as a conventional Delaware corporation. “JPMorgan wants to have its cake and it eat it too,” Peck sai…

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