calpers voting in favor of splitting the chairman and c.e.o. role at j.p.era can find me, i'll tell you. the pension plan now is looking at the top roles, right? talking about chairman and c.e.o. roles and according to the "new york times," that they're looking now to vote in favor of the non binding proposal to split j.p. morgan's top roles of chief executive and the share man roles, both of which are held by mr. jamie diamond since 2006. it's not unusual to hear this. this had been proposed last year with 40% approval. it was a similar proposal but -- and it received 40% approval from the shareholders in 12012. argument is that you should split the top roles, they should be separated to maximize management accountability and all of this comes on the heels of what we saw where don't forget, they had the trading fiasco abroad that saddled the company with about $6 million in losses. jamie diamond's pay compensation was cut in half for punishment but this is something back on the table and big news. stock has up arrows. back to you. connell: how about mcdona

calpers now wants to strip the bankhead of his chairmanship of jpmorgan and the bank may be a target of enforcement action by the feds. we've got all the latest for you on that. >>> plus, forget ohio or north dakota. frack this. illinois could be the center of the next hot fracking boom if regulations don't make it go bust first. don't go anywhere. we have more "money" coming up. ♪ . at od, whatever business you're in, that's the business we're in. with premium service like onof the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od. helping the world keep promises. ♪ . adam: to quote the famous line, it ain't easy being jamie dimon right now. jpmorgan shareholders are going to vote on whether or not to strip him of his chairmanship. it is a nonbinding vote but the california state pension fund, calpers, is jumping on the bandwagon. it is the latest group to push for the ceo chairman role to be split. the hits keep coming. jpmorgan says the federal energy regulatory commission is going after them for alleged manipulati

calpers, responsible for retirement benefits for california's public employees owns 12.9 million shares ofjp morgan, wants "stronger oversight." and will join other pension funds calling for jamie dimon's double duties as ceo and board chairman split in two. despite a trading loss of six billion dollars last year,there are still plenty of dimon loyalists."no, i don't think it should be split. he had no part of the debacle. look at the entire career--i think he's done an excellent job."dimon guided the jpmorgan chase through the financial crisis. yet, there have been four attempts to split his duties in the last six years. dimon calls the debate "a sideshow" last year, the vote to split got 40% support. a random check of chase customers and others found strong support, still."split it. there's no oversight, no accoutability except to himself. it should be split.""there's something to be said for new blood--actually thinking about real people rather than how much money you make.""even though they did well, they still lost six billion. there should be oversight."others say there are more t

>> there's something behind it, like a calpers voting to sprit it up, i definitely think from the leftoming from that type of thought. i mean, we would like to say it because it's good public policy, i'm not saying you should do it because east an outspoken critic, and some of the dodd frank roles, but because it's good public policy. i don't think they should be split from the ceo. if it's from the left, i don't doubt it. liz: paul, had the london trade not necessarily had it not happened, but had he not said, oh, it's nothing, and he criticized the journalist at the "wall street journal" and bloomberg discussed what the risk committees did not, that that did not sit well at all with the big shareholders, and we find it interesting that perhaps there's a possibility that has a london attitude not followed what happens as far as the bad trade was concernedded, maybe the voices would not be as loud. >> i think there's truth behind that. i think, at the time, dimon is considered the super man. he was the best manager, and he's poo-pooing the stories about the london, when, in fact, they

the calpers our term assistant consolidating 49 data centers into one, the cost overrun is $228 millionveryone now is more upset with the consolidation than they were previously. yet we fixate don't we on something all of you know i'm californian that as we had a few extra million dollars in the recreational parks department that we didn't expect that but the money still there and it wasn't used during the downturn. there have been hundreds of articles and not about billions of dollars of inefficiency and i would argue corruption by those that service that industry. so it's not a surprise. >> they didn't even know the money was there. it's it sort of went underground. >> no one is pleased with that ended deserves a lot of attention but my gosh think about all these other examples and i could go on and on. >> the government is not working as it should be. >> where did the citizens command? >> so increasingly my argument in the book is there is this new digital divide taking place and it's less and less. five years ago, we were talking about free wi-fi in san francisco and so show shoo ec

. >> another winner, calpers votes to split jamie dim on's role.ement system, has voted to split the roles of chairman and ceo at j.p. morgan, stripping jamie dimon of his dual title. >> they will probably split the vote and we will know tomorrow. the fact that we are talking about corporate government someone as big as j.p. morgan, i think this is nice. and again, they know the issues that will affect the stocks. >> almost all european companies split their r oles. united states does not do that. >> we have questions. how much cash to to keep on hand for emergencies? >> i will keep an extra $20. they're right answer is that you won a fund your retirement. you never want to touch this so instead of reading your piggy bank to one have a piggy bank that is set up for your emergency fund. this is typically how long it may take you find a job. >> and end coming your take- home pay or your gross pay? >> it is basically whatever works for you. if you are an engineer, >> if you have a question for rob if you can put on his face book page. >> the time is 9

opened a new fund k5u8d the tack tal opportunities fund, $1.25 billion fund, backed by money from calpersnything alternatives. that's probably something we will need to see a lot more of. they can't get the returns they need from the bond market because of everything the fed has done. how is that going so far? >> that one is really going extremely well. we were trying to hit mid-teens returns. and mid-20s. if you're going to make a mistake, that's the type you should be making. what's interesting about that is that particular vehicle invests in all of the alternative asset classes depending which seems to be the the best at the moment and how things are moving. and that includes private equity, real estate, credit, hedge fund oriented type of investments. usually almost everyone who invests invests just in one area. if you're a private equity investor, real estate does real estate. hedge funds do hedge funds. credit does credit. there's a feeling that when you stray from what you're doing somehow you have something called in the trade style drift. and you will do badly. that is not actual