Pension funds oppose J.P. Morgan pay package. Jamie Dimon’s pay is up for a vote.

Jamie Dimon’s pay is up for a vote. JP Morgan’s proposal to increase its CEO’s pay by 74% will face opposition, after advisory firm Glass, Lewis & Co recommended that shareholders reject the package. Three pension funds have already said they will vote against the salary bump

Glass Lewis said in a report: “We think shareholders should encourage the company to consider a more objective and transparent approach to setting executive pay levels, which would better align the company’s compensation program with company performance.”

http://www.pionline.com/article/20140516/ONLINE/140519905/pension-funds-oppose-jp-morgan-pay-package

Investors welcome binding shareholder votes on executive pay

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