JPMorgan shareholders reject special $52-mn payout to CEO Jamie Dimon

Only 31% of investors backed the bank's executive remuneration plan

Only 31% of votes cast in a shareholder advisory referendum on Tuesday supported JPMorgan Chase & Co in its special $52.6-million award last year to CEO Jamie Dimon to stay on the job for at least five more years.

The preliminary count announced at the meeting is an unusual rebuff from shareholders.

While say-on-pay votes are only advisory and Dimon, 66, is expected to keep the award regardless, they are closely followed as a test of investors' attitudes toward executive pay.

Average support for pay packages at S&P 500 companies was 88.3% in 2021, down from 89.6% in 2020 and 90% in 2019,