Back in May, proxy advisory firms ISS and Glass Lewis recommended that JP Morgan shareholders vote "against the bank's executive compensation plan, saying Chief Executive officer Jamie Dimon's pay was not fully aligned with his performance." How does Dimon feel about the advice? He's totally cool with it! He thinks shareholders should vote however they want, but they should know that if they do so based on the guidance of ISS and Glass Lewis, they're layabout morons who probably don't know dick about investing.
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon chided shareholders as “lazy” for casting votes at annual meetings based on the advice of proxy advisers that have questioned his pay and power. “God knows how any of you can place your vote based on ISS or Glass Lewis,” Dimon, 59, said Wednesday at an investor conference in New York. “If you do that, you are just irresponsible, I’m sorry. And you probably aren’t a very good investor, either.”