McKibben writes: "If you want to know why young people increasingly despair that the rest of us will leave them without a habitable world, consider the case of Lee Raymond."
Bill McKibben. (photo: Wolfgang Schmidt)
Stuck in the Past on the Climate
25 April 20
Shareholders at JP Morgan Chase should block a former Exxon chief from another term on the bank’s board.
f you want to know why young people increasingly despair that the rest of us will leave them without a habitable world, consider the case of Lee Raymond.
At a time when millions are losing their jobs, JP Morgan Chase said this month that 81-year-old Mr. Raymond would be up for re-election to his post as the bank’s lead independent director when its shareholders meet in May, despite the fact that he led a company that has helped cause chaos on a scale hard to even imagine.
The bank said that Mr. Raymond had offered not to stand for re-election, given his age, but that the bank’s board wanted him to retain his seat because “his broad experience” both within and outside JP Morgan was “in the best interests” of shareholders.
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