- Marilyn Lyday lets the press know what she thinks of Jamie Dimon
Less than a week after he disclosed a $2 billion trading loss at JPMorgan Chase, Jamie Dimon on Tuesday survived an effort to strip him of his title as chairman of the board, while approximately two dozen activists protested across the street from the financial institution's shareholder meeting in East Tampa.
Along with the activists, there was a heavy security presence at the Highland Oaks Campus, located just off of Martin Luther King Jr. Blvd. near I-75. The national financial media was on hand, too, their satellite trucks staking out territory in the parking lot of the bank's Tampa offices.
An attempt to strip Dimon of his role as chairman of the board won 40 percent of the vote. Votes taken before news about the trading loss, however, gave 90 percent support for his pay package, estimated this year to be over $23 million.
At the same time the shareholders were meeting (and according to an AP report, getting into Dimon's face about the need for somebody to supervise him as the company's CEO), activists said the $2 billion loss was a sterling example of the need for more regulation.
This article appears in May 10-16, 2012.