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Compensation packages for Jamie Dimon and other JPMorgan Chase (JPM) execs are endorsed by ISS -...

Compensation packages for Jamie Dimon and other JPMorgan Chase (JPM) execs are endorsed by ISS - whose negative recommendation helped sink a similar plan at Citigroup - while also favoring an independent board chairman, which the bank opposes. Given JPM’s "lagging shareholder returns... shareholders could benefit from independent leadership on the board," ISS ...
Comments (3)
  • magnum205
    , contributor
    Comments (16) | Send Message
     
    I don't see a problem with his pay level. He was astute enough to usher JP Morgan through a very difficult economic downturn and now JP Morgan is returning to the dividend levels prior to the Great Recession. Full return will take time but I am patient and I believe that the current leadership of JP Morgan is appropriate. The other big banks weren't managed nearly as well. I do believe Jamie Dimon will continue to act in the best interests of shareholders as he has done in the past. I wouldn't support him if he didn't.
    30 Apr 2012, 06:31 PM Reply Like
  • richpersen
    , contributor
    Comments (3) | Send Message
     
    I have problems understanding why I should pay $23.1 million to a bank executive. Since I helped bail out his bank, why doesn't he pay US this amount right now. Maybe a little austerity pay is needed here for the next couple of decades!
    30 Apr 2012, 11:58 PM Reply Like
  • magnum205
    , contributor
    Comments (16) | Send Message
     
    Hi richperson,
    If you recall Bear Stearns was purchased by JP because it was felt by the feds that this would prevent a market panic. JP was asked because they had the resources to act on this request and they were not having reserve problems. They had very little exposure to the problems developing in our economy a the time. The bail out you talk about was done because of Bear Stearns, otherwise JP Morgan would have had no need for the funds. The 28 million was earned by good management and I don't see a problem here. Shareholder value continues to improve and that is the outcome we are paying for.
    2 May 2012, 08:22 AM Reply Like
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