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Reuters

JPMorgan shareholders vote disapproval of CEO Dimon’s special payout

NEW YORK (Reuters) -In an unusual rebuke for Jamie Dimon, CEO of JPMorgan Chase & Co, shareholders on Tuesday clearly disapproved of the special $52.6 million 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. Because of the special award this year two major advisory firms, from which investors take their cue when voting, had recommended “no” votes on pay.

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