Dimon Dealt Rare JPMorgan Shareholder Defeat on Pay Plan

The transcript discusses a rare shareholder vote against JP Morgan CEO Jamie Dimon's pay package, with only 31% support. The rejection is due to a special $50 million retention payment, which shareholders found unacceptable. Although the vote is advisory, it signals potential industry-wide pushback against large executive pay packages. The discussion highlights the significance of this event for JP Morgan and the banking sector, suggesting future shareholder meetings may become more contentious.

What percentage of voters supported Jamie Dimon's pay package at the JP Morgan shareholder meeting?

• 90%

• 75%

• 50%

• 31%

What was the main reason for the rejection of Jamie Dimon's pay package?

• A decrease in company profits

• A special one-off $50 million payment

• A new shareholder policy

• A change in company leadership

What type of vote was conducted regarding the pay packages at the JP Morgan shareholder meeting?

• Mandatory

• Unanimous

• Secret

• Advisory

What does the rejection of Dimon's pay package suggest about future trends in the banking industry?

• A decrease in CEO tenures

• Increased support for large pay packages

• More pushback against large pay packages

• No change in shareholder attitudes

What is the significance of the defeat faced by Jamie Dimon at the shareholder meeting?

• It highlights a new shareholder policy

• It suggests a decrease in company profits

• It shows a rare pushback against a long-standing CEO

• It indicates a change in company leadership