Dimon, 66, will keep the award, but such votes are closely followed as a test of investors’ attitudes toward executive pay and what payouts they will tolerate.
NEW YORK: In an unusual rebuke for Jamie Dimon, CEO of JPMorgan Chase & Co, shareholders on Tuesday clearly disapproved of the special US$52.6mil (RM231mil) stock option award directors gave him last year to stay on the job for at least five more years.
In an advisory say-on-pay referendum, only 31% of votes cast endorsed JPMorgan executive payments for 2021, according to a preliminary count announced at the company’s annual meeting.
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