JPMorgan Chase to hold annual shareholder meeting in Tampa for the second year in a row

Last year in Tampa, anger revolving around the London Whale resulted in the AFSCME challenging Dimon's role as CEO. The proposal fell short of passing, but did receive 40 percent of JPMorgan Chase shareholders' votes.


It was reported last week that Dimon was paid $18.7 million last year — 19 percent less than what he made in 2011, when his $23 million pay package made him the highest paid bank CEO in the country (the bank previously announced that Dimon would take a pay cut because of the London Whale).


The shareholders meeting will be held at the company's Highland Oaks Campus, located off Martin Luther King Jr. Blvd. near I-75.


Last year, approximately two dozen activists protested — in the scorching heat — in an area blocked off for demonstrators.

  • A protester at last year's JPMorgan Chase shareholder meeting in Tampa

Last spring, the global financial services firm JPMorgan Chase & Co. held its annual shareholder meeting in Tampa. Angry investors were able to get in CEO and Chairman Jamie Dimon's face to ask what he was doing when he let his traders lose more than $6 billion in a complex derivatives trade that became known as the "London Whale" debacle.

As painful as it might have been for the telegenic executive (formerly considered President Obama's best friend on Wall Street, a label that stopped being applicable awhile ago), his company apparently enjoyed its time in Cigar City; according to the Tampa Bay Business Journal, JPMorgan just announced it will return for another annual shareholder meeting scheduled for Tuesday, May 21.

That news comes at the same that time Dimon learned he will not be stripped of his CEO title, as called for by a number of unions and retirement fund groups.

Scroll to read more News Feature articles
Join the Creative Loafing Tampa Bay Press Club

Local journalism is information. Information is power. And we believe everyone deserves access to accurate independent coverage of their community and state.
Help us keep this coverage going with a one-time donation or an ongoing membership pledge.

Newsletters

Join Creative Loafing Tampa Bay Newsletters

Subscribe now to get the latest news delivered right to your inbox.

We welcome readers to submit letters regarding articles and content in Creative Loafing Tampa Bay. Letters should be a minimum of 150 words, refer to content that has appeared on Creative Loafing Tampa Bay, and must include the writer's full name, address, and phone number for verification purposes. No attachments will be considered. Writers of letters selected for publication will be notified via email. Letters may be edited and shortened for space.

Email us at [email protected]