1. Backlash Against JPMorgan Boss Jamie Dimon After Branded his own Investors as 'Lazy'

    Backlash Against JPMorgan Boss Jamie Dimon After Branded his own Investors as 'Lazy'

    The JPMorgan boss Jamie Dimon has been blasted as “removed from reality” and “insulting” after he branded his own investors “lazy” for voting against his multimillion-dollar pay deal. At a conference in New York on Wednesday, the chief executive of the giant Wall Street bank said stockholders who had followed the recommendations of two influential professional advisory services and rejected Mr Dimon’s $20m (£13m) pay package last week were “irresponsible” and “not good investors”...

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  2. Quotes

    1. There will be many active and engaged shareholders who feel extremely insulted by Mr Dimon's suggestions of lack of professionalism.
    2. God knows how any of you can place your vote based on ISS or Glass Lewis.
    3. Asset owners make the decisions; proxy advisers only make recommendations.
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