JPMorgan Chase CEO Jamie Dimon was paid $20 million last year. Half of his salary was paid in cash. Several shareholders are being encouraged by two major proxy advisory services, Institutional Shareholder Services (ISS) and Glass Lewis & Co, to voice disapproval on how much top executives were paid in 2014 at the company’s annual meeting in Detroit.
According to UBS, “recommendations by ISS are often followed by nearly one-third of votes cast.” The annual meeting will be held at The Westin Book Cadillac Detroit on May 19 at 10am. A live audio webcast of the annual meeting of shareholders will be available, here.
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