The pay proposal they rejected included a massive $52.6 million retention bonus as part of Dimon's 2021 compensation package, just months after the bank's board approved the incentive.
The pay proposal they rejected included a massive $52.6 million retention bonus as part of Dimon's 2021 compensation package, just months after the bank's board approved the incentive. With the bonus, Dimon's total compensation was $84.4 million in 2021, up from $31.7 million in 2020. But Dimon may yet get that payout. The compensation package is for 2021 and results of the"say on pay" votes are non-binding.
Read MoreThe rejection suggests that shareholders may be unhappy with Dimon, who has led the bank since 2006 and guided JPMorgan through two recessions as it emerged to become the biggest US bank by assets. Or maybe they thought the pay increase was just too high.JPMorgan kicks off earnings season with bad news Two prominent proxy advisory firms, Glass, Lewis & Co.
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