The six best math students at the all-boys Browning School on Manhattan's East Side were given bad news, and then worse news. Their math teacher had suffered a heart attack and would not be returning to teach—that was the bad news. The worse news was that her replacement did not know calculus. If the students wanted to continue to study calculus, they would have to teach it to themselves.
Jamie Dimon and the 10 other directors of JPMorgan Chase take the stage in Tampa, Fla., on Tuesday, to face shareholders who can take comfort in a rising stock price and a prospering bank. But those same shareholders may also deliver a humbling rebuff to Dimon and the board.