Jamie Dimon has said he wants to win over Bear Stearnsâ employees. But he took a big step yesterday toward essentially denying them a vote on a deal that affects their life savings.
The proposed new structure of JP Morganâs takeover of Bear Stearns gives JP Morgan so much control over the voting process, so early, that employee shareholders donât have much of a chance to successfully throw their votes behind a ânoâ vote or a rival bidder.
