Climate Activists Fight to Remove Oil Man From JPMorgan Board

The transcript discusses climate activists' efforts to pressure Lee Raymond off JP Morgan's board due to his ties to fossil fuels. Majority Action, a nonprofit, aims to remove him, citing his influence on the bank's climate policies. The text contrasts shareholder activism in the US and Europe, highlighting Barclays' experience. It questions Raymond's impact on JP Morgan's strategy and notes upcoming meetings where these issues may be addressed.

What is the main reason climate activists want Lee Raymond off the JP Morgan board?

• His ties to fossil fuel companies

• His lack of financial expertise

• His age and long tenure

• His influence on European banks

Which nonprofit group is leading the effort to remove the lead independent director at JP Morgan?

• Eco Alliance

• Climate Warriors

• Majority Action

• Greenpeace

How does shareholder activism in Europe differ from that in the US according to the transcript?

• US banks have no shareholder resolutions

• European banks face less pressure

• US banks are more responsive to activists

• European banks are starting to face shareholder resolutions

Which European bank is mentioned as facing a shareholder resolution?

• Deutsche Bank

• HSBC

• Barclays

• Credit Suisse

What concern does Majority Action have about Lee Raymond's influence on JP Morgan?

• He is not supportive of renewable energy investments

• He is too focused on short-term profits

• He compromises the bank's ability to address climate change

• He lacks experience in banking