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]
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.
Slow Morning At JP Morgan Earned Jamie Dimon $7.25 Million In Pocket Change
So that's nice for him.
Jamie Dimon Not So Sure Elizabeth Warren Gets How This Whole Banking Thing Works
The JP Morgan chief is worried the senator is missing some key points.