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Dimon Pay Should Be Rejected by JPMorgan Investors, Adviser Says

  • Glass Lewis recommends voting against non-binding resolution
  • JPMorgan says pay is to ensure Dimon’s continued leadership
Jamie Dimon 

Jamie Dimon 

Photographer: Chris Ratcliffe/Bloomberg

JPMorgan Chase & Co. shareholders should vote against Chief Executive Officer Jamie Dimon’s pay package, proxy advisory firm Glass, Lewis & Co. recommended, citing a “disconnect” between his compensation and the bank’s performance.

Of particular concern is $52.6 million in option awards granted to Dimon, “nearly double the size of his regular equity grant for 2021” and representing much of his $84.4 million in annual pay, Glass Lewis said in a report. The firm also criticized the $53.3 million in total compensation for President and Chief Operating Officer Daniel Pinto, which included almost $27.9 million in option awards.