Dimon's 2014 pay package gets lower shareholder support

Washington

ONLY 61.4 per cent of shareholders voted to support the pay package of JPMorgan Chase chief executive Jamie Dimon, the bank announced on Tuesday.

The preliminary tally from JPMorgan's annual shareholder meeting is less than the 77.9 per cent who approved Mr Dimon's package last year. It's also far lower than the average 92 per cent approval rate for other companies' executive-compensation proposals this year, according to the research firm Equilar.