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Tuff-Stuff

05/15/12 7:13 AM

#461472 RE: Tuff-Stuff #461471

CalPERS will lead a group of pension funds pushing for a nonbinding proposal to split the jobs of Chairman and CEO at JPMorgan's (JPM) annual meeting today. For now, the pension giant supports executive compensation proposals, but warns the trading losses may force a change in its stance towards 2013 pay.