Dimon Defended as ‘Best Manager’ by Board Member Jackson

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JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon deserves shareholders’ support even as mounting legal costs fueled the first quarterly loss of his tenure, said board member Laban P. Jackson.

“He’s the best manager I’ve ever seen, and I’m old,” Jackson, 71, said yesterday at the National Association of Corporate Directors’ annual conference in Oxon Hill, Maryland. “He has, as we all do, flaws.”