Glass Lewis Wants To Know Where JPMorgan Gets Off

Author:
Updated:
Original:

...paying its top executives like they're hot shit, when, in reality, they're no better than, I don't know, Citigroup.

Proxy-advisory firm Glass Lewis said that J.P. Morgan Chase & Co. shareholders should vote against the bank's executive pay plan, according to a report this week...Glass Lewis argued that J.P. Morgan "paid more than its peers, but performed about the same as its peers." The advisory firm gave the New York bank a "D" grade on pay-for-performance policies, an improvement from the "F" grade it gave on the topic a year earlier. J.P. Morgan declined to comment...Earlier this year, J.P. Morgan's board awarded Mr. Dimon $20 million in pay for 2013, a raise of 74%. Some activist investors have criticized the board's decision and predicted the large increase will lower shareholder support for executive-pay practices at this year's annual shareholders meeting.

Glass Lewis Recommends Voting Against J.P. Morgan's Pay Plan [WSJ]

Related

Jamie Dimon Tells Idiot Shareholders They're Better Than That

They can cast votes based on what proxy firms tell them to do or they can use their own f*ckin' brains for once in their worthless lives.

Proxy Firms Trying To Start Sh*t Between JP Morgan Shareholders, Jamie Dimon

Apparently Glass Lewis and ISS would just loooove to create a little drama at 270 Park.

Elaine Wynn Wants To Know Where Institutional Shareholder Services Gets Off

You don't see Ms. Wynn prying into what's going on at ISS, do you?

JPMorgan Chief Risk Officer: "I want to reiterate the critical role that we play at J.P. Morgan Chase"

In case that was unclear. Also, no more "surprises" like you know what again, please.