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.
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Two major proxy advisory firms recommended that JPMorgan Chase & Co's shareholders vote against the bank's executive compensation plan, saying Chief Executive Jamie Dimon's pay was not fully aligned with his performance. ISS said the reintroduction of a large discretionary cash bonus in Dimon's pay mix without a compelling rationale had weakened the performance-basis of his pay...ISS said Dimon's pay over the last three years "outranked" the company's total shareholder returns during the period. Glass Lewis said its analysis indicated that JPMorgan was "deficient in aligning pay with performance." [Reuters]

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