While a majority of shareholders approved his $20 million pay package, the percentage who approved it was down sharply from the previous year. A preliminary count showed that 61.4 percent backed the bank’s compensation plans for Dimon and other executives, down from 78 percent last year. The vote at the bank’s annual shareholder meeting in Detroit is non-binding but it still sends a message, especially when greater numbers signaled their disapproval. [NYP]
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.