Ode To Capitalism

WSJ Markets

• Dimon Strengthens Grip at J.P. Morgan
  J.P. Morgan shareholders rejected a proposal to split James Dimon's dual roles as chief executive and chairman, and re-elected all the members of the bank's board.
• Apple CEO Calls for Corporate Tax Reform
  Apple CEO Tim Cook defended the iPhone maker's tax practices as proper, challenging Senate investigators who reported Apple paid no corporate income tax on tens of billions of dollars in overseas income over the past four years and urging a simplification of tax laws.
• Tip Puts Lobbyist's Career on Hold
  Mark Hayes was a Washington policy wonk on a long and steady ascent. A series of emails to a client was all it took to put that carefully crafted career on hold.
• Funds Get Active Over Director Pay
  Mutual-fund firms are joining activist investors in getting more aggressive over demands for change in how board members are paid at U.S. companies.