DOCSLIB.ORG

Jpmorgan Chase & Co

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Jpmorgan Chase & Co Annual Meeting of Shareholders 2019Proxy Statement JPMorgan Chase & Co. 383 Madison Avenue New York, New York 10179-0001 April 5, 2019 Dear fellow shareholders: We are pleased to invite you to attend the annual meeting of shareholders to be held on May 21, 2019 at 10:00 a.m., local time, at Chase Tower in Chicago, Illinois. This forum provides shareholders with the opportunity to discuss topics of importance to the Firm’s business and affairs, to consider matters described in the proxy statement and to receive an update on the Firm’s activities and performance. We hope that you will attend the meeting in person. We encourage you to designate the persons named as proxies on the proxy card to vote your shares even if you are planning to come. This will ensure that your common stock is represented at the meeting. This proxy statement explains more about the matters to be voted on at the annual meeting and about proxy voting. Please read it carefully. We look forward to your participation. Sincerely, James Dimon Chairman and Chief Executive Officer A LETTER FROM JAMIE DIMON, OUR CHAIRMAN, AND LEE R. RAYMOND, OUR LEAD INDEPENDENT DIRECTOR April 5, 2019 Dear fellow shareholders: In connection with the 2019 Annual Meeting, we write and efficient risk and control environment. This to share with you some of the highlights of the work of includes being prepared to operate effectively in an our Board. We recognize that JPMorgan Chase is an evolving financial landscape, regardless of interest exceptional company with an extraordinary heritage rates, credit cycle, balance sheet and capital, liquidity and a promising future. The Firm has continually and funding requirements across jurisdictions. innovated and evolved, and today we have a proven Having a first-rate management team in place to meet business model with a breadth, scale and reach that is these challenges continues to be one of our highest unparalleled. That presents us with opportunities and priorities as a Board. We regularly review succession challenges to interact with a wide range of clients and planning for the CEO and other members of the customers, employees, regulators, shareholders and Operating Committee and take advantage of numerous communities all over the world. JPMorgan Chase has formal and informal opportunities to meet with continually seized its opportunities and met its members of the Operating Committee and other high challenges, resulting in best-in-class long-term potential senior management leaders. The appointment performance. We will work tirelessly to continue to of Daniel Pinto and Gordon Smith as Co-Presidents and outperform in any environment and live up to the Co-Chief Operating Officers of the Company Firm’s heritage and promise. demonstrates the strength of our management team As for this year specifically, the Board notes that it was and our commitment to provide ongoing growth another strong year for the Firm, as we generated opportunities for future generations of leaders to record earnings per share and added clients and develop the capabilities critical to the Firm’s long-term customers while continuing to make significant health and success. investments in products, people and technology. At the In addition, we have long believed that oversight of the same time, the Firm maintained its fortress balance Firm’s culture and reputation are key Board sheet and its strong, cohesive culture, which supported responsibilities. In fulfilling this role, we hold sustained shareholder value. management to the highest standards of conduct, The Board also holds management accountable to respect and personal accountability in everything we do prepare for the future, overseeing the Firm’s long-term for our clients and customers, employees, shareholders strategic planning. Over the course of the year, the and the communities we serve. This means that when Board met regularly with senior management to discuss there are issues internally, we expect management to how the Firm is focused on investing in exceptional address them. Equally important, we must give back to client service today, as well as in innovation that will the communities we serve. The Firm continued to make make us even more valuable to our clients and significant progress this past year, through its customers—even when that means disrupting ourselves. commitments to skills training, financial education, We have observed management’s commitment to inner city advancement, disaster relief and employee pursuing the leading technology capabilities and development. infrastructure necessary to maintain and capitalize on The Board is also focused on its own succession our scale and continuing to invest for the future, while planning and the need to ensure we have the right mix maintaining expense discipline. We have also seen of skills and expertise and an appropriate balance of management’s unwavering commitment to an effective experience and fresh perspective. As a result of these efforts, four new directors, including two women, have joined the Board in the last six years. We would like to take this opportunity to thank our friend and colleague, William Weldon, who will be retiring from our Board immediately prior to our Annual Meeting. We have benefited greatly from Bill’s insights on leadership, management development, governance and international business matters. His service on the Compensation & Management Development Committee and as Chair of the Corporate Governance & Nominating Committee has enhanced our Board and our Firm. We will miss his valuable perspective and commitment. We look forward to continuing to deliver value to our customers, shareholders and communities. On behalf of all our colleagues on the Board, we are grateful for your support of our Board and the Firm. James Dimon Chairman and Chief Executive Officer Lee R. Raymond Lead Independent Director Notice of 2019 Annual Meeting of Shareholders and Proxy Statement DATE Tuesday, May 21, 2019 TIME 10:00 a.m. Central Time PLACE Chase Tower 21 South Clark Street, 56th Floor Chicago, Illinois 60603 RECORD DATE March 22, 2019 MATTERS TO BE ▪ Election of directors VOTED ON ▪ Advisory resolution to approve executive compensation ▪ Ratification of PricewaterhouseCoopers LLP as our independent registered public accounting firm for 2019 ▪ Shareholder proposals, if they are properly introduced at the meeting ▪ Any other matters that may properly be brought before the meeting By order of the Board of Directors Molly Carpenter Secretary April 5, 2019 YOUR VOTE IS IMPORTANT TO US. PLEASE VOTE PROMPTLY. JPMorgan Chase & Co. uses the Securities and Exchange Commission rule permitting companies to furnish proxy materials to their shareholders on the Internet. In accordance with this rule, on or about April 5, 2019, we sent to shareholders of record at the close of business on March 22, 2019, a Notice of Internet Availability of Proxy Materials (“Notice”), which includes instructions on how to access our 2019 Proxy Statement and 2018 Annual Report online, and how to vote online for the 2019 Annual Shareholder Meeting. If you received a Notice and would like to receive a printed copy of our proxy materials, please follow the instructions for requesting such materials included in the Notice. If you plan to attend the meeting in person, you will be required to present a valid form of government-issued photo identification, such as a driver’s license or passport, and proof of ownership of our common stock as of our record date March 22, 2019. See “Information about the annual shareholder meeting” on page 92 of this proxy statement. If you hold your shares through a broker, your shares will not be voted unless (i) you provide voting instructions or (ii) the matter is one for which brokers have discretionary authority to vote. Of the matters to be voted on at the annual meeting, the only one for which brokers have discretionary authority to vote is Proposal 3, the ratification of the independent registered public accounting firm. See “What is the voting requirement to approve each of the proposals?” on page 95 of this proxy statement. Table of Contents RECOMMENDATIONS ✓ 2019 Proxy summary ......................... 1 Proposal 1 (continued) Compensation & Management Development Corporate Governance Committee interlocks and insider participation . 34 Executive summary ........................... 9 Political activities and lobbying ................ 34 Code of Conduct ............................ 34 Proposal 1: Election of Directors ................ ✓ Code of Ethics for Finance Professionals ......... 35 Summary of factors for shareholder consideration . 10 Supplier Code of Conduct ..................... 35 Director nominees ............................ 11 Section 16(a) beneficial ownership reporting Director independence, recruitment and compliance ................................ 35 re-nomination ............................... 18 Personal and professional attributes and skills of Director compensation ........................ 35 the nominees .............................. 18 Independence .............................. 19 Executive Compensation Director recruitment ........................ 20 Executive summary ........................... 39 Director re-nomination ....................... 20 Proposal 2: Advisory resolution to approve How our Board conducts its business ............. 21 executive compensation ...................... ✓ Sound governance practices .................. 21 Compensation discussion and analysis ............ 41 Our Board’s leadership
Load more

Recommended publications
  • Brian 73334 74470 Bank of America’S Brian Moynihan
    IA.coverA1.REVISE2.qxd 7/10/09 1:15 PM Page 1 IRISHIRISHAugust/September 2009 AMERICA AMERICACanada $4.95 U.S.$3.95 THE GLORY DAYS OF IRISH IN BASEBALL JUSTICE ROBERTS’ IRISH FAMILY MEMORIES OF THE GREAT HUNGER THE WALL STREET 50 HONORING THE IRISH IN FINANCE The Life DISPLAY UNTIL SEPT. 30, 2009 08 of Brian 74470 73334 Bank of America’s Brian Moynihan on family, Ireland and 09 what the future holds > AIF-Left 7/9/09 12:08 PM Page 1 AIF-Left 7/9/09 12:08 PM Page 2 MutualofAmerica 7/6/09 11:15 AM Page 1 WaterfordAD 7/10/09 2:06 PM Page 1 IA.38-41.rev.qxd 7/10/09 7:36 PM Page 38 38 IRISH AMERICA AUGUST / SEPTEMBER 2008 IA.38-41.rev.qxd 7/10/09 7:36 PM Page 39 WAL L STREET50 KEYNOTE SPEAKER THE LIFE OF Brian Bank of America’s Brian Moynihan says “It doesn’t all break your way all the time, so you’ve got to just power through it.” e has the look of an athlete, com- “He has proved in difficult environments he is pact with broad shoulders. He also very capable,” said Anthony DiNovi, co-president of has something of a pre-game Boston private-equity firm Thomas H. Lee Partners focus, a quiet intensity, and gives LP, in a Wall Street Journal article by Dan the impression, even as he Fitzpatrick and Suzanne Craig. The article addressed answers questions, that he has his Moynihan’s emergence as a right-hand man and eye on the ball and he’s not forget- potential successor to Bank of America Corp.
    [Show full text]
  • Ross Production March 2019
    Slattery, Elizabeth (Federal) From: Beaumont, Dina (Federal) Sent: Thursday, April 5, 2018 6:02 PM To: Bedan, Morgan (Federal) Subject: FW: New Dina Beaumont Department of Commerce | Office of the Secretary Office: 202.482.1368 [email protected] From: Marie‐Josee Kravis [mailto:(b)(6) @KKR.com] Sent: Thursday, April 05, 2018 5:26 PM To: (b)(6) Mrs. Ross ' < (b)(6) Mrs. Ross >; (b) (6) non-Gov ' < (b) (6) non-Gov >; Beaumont, Dina (Federal) <[email protected]> Subject: Dear Hilary and Wilbur, (b)(6) As I mentioned to you, this year Bilderberg is meeting in Turin Italy, beginning with dinner June 7 and ending at noon June 10. We would love to have Wilbur return to update us on US trade and economic policy and would adjust the program to his schedule. Best, Marie‐Josée ================================================================= ============== Please refer to http://www.kkr.com/email-disclaimer for important disclosures regarding this electronic communication. ================================================================= ============== 1 Slattery, Elizabeth (Federal) From: Elizabeth Power Robison ((b)(6) @milkeninstitute.org) <(b)(6) @milkeninstitute.org> Sent: Friday, April 27, 2018 11:51 AM To: Neuhaus, Chelsey (Federal); Bedan, Morgan (Federal) Subject: RE: A special request from Mike Milken Chelsey, Tuesday is nearly fully booked. I have time available at 7:20 am, 8 am, 8:20 am, 5:20 pm, and 5:40 pm. There is also time at 6 pm on Mon, April 30. Do any of these spots work? Elizabeth From: Neuhaus, Chelsey (Federal) [mailto:[email protected]]
    [Show full text]
  • 2016 Award Recipients Book (Pdf)
    ALUMNI ACHIEVEMENT AWARDS The mission of Harvard Business School is to educate leaders who make a difference in the world. Every day more than 80,000 HBS graduates strive to make these words a reality in a wide array of organizations that affect the lives of millions of people around the globe. Since 1968, the School has selected a number of outstanding men and women to receive its most important honor, the Alumni Achievement Award. Throughout their ca- reers, these distinguished graduates have contributed significantly to their companies and communities while upholding the highest standards and values in everything they do. As such, they represent the best in our alumni body. Exemplary role models, they inspire all those who aspire to have an impact on both business and society. Mary Callahan Erdoes MBA 1993 Chief Executive Officer J.P. Morgan Asset Management It’s hard to talk with or about Mary Callahan Erdoes for more than five minutes without the notion of EQ and IQ coming up. Erdoes is someone who has both emotional and intellectual intelligence—in spades. The combination of compassion and analytical skills serves her well as she blazes a trail in the upper echelons of the banking world. TIMELINE 1967 Born, Menlo Park, California 1989 Earns BS, Mathematics, Georgetown University 1989 Joins Bankers Trust, Analyst 1993 Earns MBA 1993 Joins Meredith, Martin & Kaye, Portfolio Manager 1996 Joins J.P. Morgan Global Investment Management, Portfolio Manager 2005 Named CEO, J.P. Morgan Private Bank 2005 Joins Board of Directors, U.S. Fund for UNICEF 2009 Named CEO, J.P.
    [Show full text]
  • Strength in Numbers
    TECH Race is on to bring broadband to outer boroughs PAGE 3 POLITICS Queen’s DA race is bellwether for city’s Democratic establishment PAGE 3 CRAINSNEWYORK.COM | JUNE 17, 2019 | $3.00 REAL ESTATE Rent regs will cripple PAGE 12 affordable housing, developers warn BY DANIEL GEIGER egislators in Albany proposed sweeping reforms to the state’s rent regulation rules with the Lgoal of creating the strongest pro- tections in a generation for a ord- able housing in the city. But many large developers say the new laws come with a terrifying consequence: ey could scuttle major development projects that would have created thousands of a ordable units. Already one major developer in the city has suggested it will cancel plans to raise a cluster of apartment buildings on the Astoria waterfront. e Durst Organization, which owns millions of square feet of commercial and residential space in the city, had planned to erect 2,500 apartments in seven build- ings at Hallets Point—including hundreds of a ordable units. e rm now says the work will cease after having recently nished the rst building at the $1.5 billion development. “It can’t be built,” a Durst spokes- omen are asking, man said. Are we nally on Another big builder, who is in the process of developing a prominent STRENGTH IN the cusp of real apartment tower in Brooklyn, said change? the laws would cause him to shift Since the previous Crain’s his focus away from the city. W “We’ll nish what we’re doing NUMBERS Most Powerful Women list in here, but we’re not looking at new Female-powered workplace trends are 2017, the #MeToo movement deals in New York anymore,” said has continued to shake the the developer, who said he didn’t driving real progress for women want to be identi ed at a moment foundations of power, from when he feels builders are being BY AMY CORTESE Hollywood to Capitol Hill.
    [Show full text]
  • SENIOR MANAGEMENT BIOGRAPHIES Blank Slide
    SENIOR MANAGEMENT BIOGRAPHIES Blank slide Jamie Dimon, Chairman and Chief Executive Officer Jamie Dimon is the Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co. Dimon became Chairman of the Board, effective January 1, 2007, following his appointment as Chief Executive Officer on January 1, 2006. He also assumed the title of President upon the company’s merger with Bank One Corporation on July 1, 2004. Dimon began his professional career at American Express, serviservingng as Assistant to the President from 1982 until 1985. He then became a key member of the team that launched and defined the strategy for Commercial Credit Company in October 1986, when the consumer lending company was spun off from Control Data Corporation. He served as Chief Financial Officer and then President. Commercial Credit made numerous acquisitions and divestitures, including acquiring Primerica Corporation in 1987 and taking its name. The firm then acquired The Travelers Corporation in 1993, becoming Travelers Group. Dimon served as President and Chief Operating Officer of Travelers from 1990 through 1998 while concurrently serving as Chief Operating Officer of its Smith Barney Inc. subsidiary. He became Chief Executive Officer of Smith Barney in January 1996 and then co-Chairman and co-Chief Executive Officer of the combined brokerage following the 1997 merger of Smith Barney and Salomon Brothers. In 1998, Dimon was named President of Citigroup Inc., the global financial services company formed by the combination of Travelers Group and Citicorp. In 2000, Dimon was named Chairman and Chief Executive Officer of Bank One. During his four years with the company, he engineered a dramatic turnaround – taking the bank from a half-billion-dollar loss in 2000 to record earnings of $3.5 billion in IOGRAPHIES 2003.
    [Show full text]
  • Brendan Mcdonagh CEO HSBC North America Holdings Inc., Represents the New “Global Irish” Who Are Joining the Ranks of Corporate America in Increasing Numbers
    IA.Cover2.qxd 7/3/08 3:55 PM Page 1 IRISHIRISHAugust/ September 2008 AMERICA AMERICACanada $4.95 U.S.$3.95 THE WALL STREET 50Celebrating the Irish in the Finance Industry Brendan McDonagh CEO HSBC North America Holdings Inc., represents the new “Global Irish” who are joining the ranks of corporate America in increasing numbers. IRELAND’S NEW LEADER CANADA’S IRISH HERITAGE CHICAGO’S IRISH ROOTS DES BISHOP AS GAEILGE 09> 0874470 73334 DISPLAY UNTIL SEPT. 30, 2008 UNTIL SEPT. DISPLAY AIF-1 2/27/08 2:06 PM Page 1 AIF-2 2/27/08 2:30 PM Page 1 WaterfordAD 3/3/08 5:02 PM Page 1 Mutual 6/26/08 1:23 PM Page 1 IA.34-37.qxd 7/10/08 4:03 PM Page 34 34 IRISH AMERICA AUGUST / SEPTEMBER 2008 IA.34-37.qxd 7/10/08 4:03 PM Page 35 WAL L STREET50 KEYNOTE SPEAKER The Global Irishman HSBC’s Brendan ust six months after billion in bad debt as a result of the crisis, assuming his job as head but under McDonagh’s management the McDonagh of HSBC Finance in worst of the crisis now seems over. North America, Brendan The subprime segment is but a very is a new McDonagh volunteered to small part of the global HSBC brand. appear before Congress, Forbes magazine recently rated HSBC in March 2007, to address Holdings number one in its Global 200 breed of J the growing subprime ranking of companies worldwide. mortgage-lending crisis. The banking behemoth earned the dis- international It was a typical move by the 49-year- tinction by showing a phenomenal annu- old Irishman who has become known al 26 percent growth in revenues, by throughout his career for a straightfor- having 10,000 offices worldwide in 83 Irishman.
    [Show full text]
  • Crain's 2019 Notable Women in Banking & Finance
    Women claim their place in finance INDEX OF HONOREES PAGES 24-25 PAGE 28 PAGE 32 PAGE 36 PAGES 40-41 Ellen Alemany Stephanie Cohen Marisa Harney Anneliese Seelaus Mitnick Denise Smyth Barbara Desoer Susan Cullen Susan Huang Julie Monaco Magda Souffront Mary Callahan Erdoes Dafna Dothan Andrea Kantor Michelle Neal Emily Stoddard Adena Friedman Hafize Gaye Erkan Audrey Kaplan Sandie O’Connor Christine Waldron Sallie Krawcheck Laura Fazio Michal Katz Shelley O’Connor Anne Walker Marianne Lake Carolyn Finer Nancy King Carin Leong Pai Yael Weinstock-Shemesh Barbara Novick Aleida Frederico Esther Lainis Raquel Palmer Ellie Wheeler Anne Clarke Wolff PAGE 30 PAGE 34 PAGES 38-39 Sharon French Janice Liu Abby Parsonnet PAGE 26 Claudine Gallagher Elizabeth Magennis Tina Chan Reich Karen Altfest Lorraine George-Harik Ellen Marshall Diane Reyes Alexandra Barth Leslie Godridge Alison Mass Josephine Savastano Fiona Bassett Maria Grasso Doris Meister Luvleen Sidhu Lissa Baum Deborah Gravinese Melissa Melvin Elena Sisti Katia Bouazza Maria Hackley Denise Menelly Lori Calvasina We congratulate Carin Pai and all of 2019’s Notable Women, for their notable achievements and dedication to the New York City community. More than 85 Years of Truly Personalized Wealth Management. fiduciarytrust.com © 2019 Fiduciary Trust Company International and subsidiaries (doing business as Fiduciary Trust International) are part of the Franklin Templeton Investments family of companies. All rights reserved. FTCI_BIGWORD_MAG_10.25x7_CRAIN_0219_rev.indd 1 2/26/19 6:54 PM Contents 22 Women claim their place in finance 24 Profiles of the 2019 Notable Women in 42 Banking & Making a Finance difference How women in finance find ways to give back Personal and Exceptional.
    [Show full text]
  • Operating Committee Biographies
    OPERATING COMMITTEE BIOGRAPHIES February 2018 Jamie Dimon, Chairman & Chief Executive Officer Jamie Dimon is Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., a global financial services firm with assets of $2.5 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers, small business, commercial banking, financial transaction processing and asset management. Dimon became CEO on January 1, 2006 and one year later also became Chairman of the Board. He was named President and Chief Operating Officer upon the company’s merger with Bank One Corporation on July 1, 2004. Dimon joined Bank One as Chairman and CEO in 2000. Dimon began his career at American Express Company. Next, he served as Chief Financial Officer and then President at Commercial Credit, which made numerous acquisitions and divestitures, including acquiring Primerica Corporation in 1987 and The Travelers Corporation in 1993. Dimon served as President and Chief Operating Officer of Travelers from 1990 through 1998 while concurrently serving as Chief Operating Officer of its Smith Barney Inc. subsidiary before becoming co-Chairman and Co-CEO of the combined brokerage following the 1997 merger of Smith Barney and Salomon Brothers. In 1998, Dimon was named President of Citigroup Inc., the global financial services company formed by the combination of Travelers Group and Citicorp. Dimon earned his bachelor’s degree from Tufts University and holds an MBA from Harvard Business School. He serves on the boards of directors of a number of non-profit institutions including the Clearing House and Harvard Business School. Additionally, he is the Chairman of the Business Roundtable and serves on the executive committee of the Business Council and the Partnership for New York City, and is a member of the Financial Services Forum, Financial Services Roundtable and Council on Foreign Relations.
    [Show full text]
  • “You Can't Buy It, You Can't Get a Degree in It, but Success for Women
    OCTOBER 2018 16TH ANNUAL MOST POWERFUL WOMEN IN BANKING “You can’t October 2018 americanbanker.com buy it, you can’t get a AMERICAN BANKER MAGAZINE | 16TH ANNUAL MOST POWERFUL WOMEN IN BANKING IN WOMEN POWERFUL MOST ANNUAL 16TH | MAGAZINE BANKER AMERICAN degree in it, but success for women in banking demands an outrageous amount Vol. 128/No. 10 Vol. of grit.” 001_ABM1018C1_ABM1018.indd 1 1 9/5/18 5:43 PM C1_ABM1018.indd 2 9/5/18 5:43 PM C1_ABM1018.indd 3 9/11/20189/5/18 10:42:57 5:43 PMAM “I“I considerconsider thethe statusstatus quoquo toto bebe anan enemy.”enemy.” Left to right: Ranjana Clark | MUFG Anne Finucane | Bank of America Anne Walker | Bank of America Christina Hamlin | Citizens Bank Samantha Spilkin | Goldman Sachs Diana Moy | U.S. Bancorp Gunjan Kedia | U.S. Bancorp Enid Jean-Claude | MUFG Marie Chandoha | Charles Schwab Jessica Seidlitz | Charles Schwab Jasmine Hosein | KeyCorp Amy Brady | KeyCorp Stephanie Cohen | Goldman Sachs Beth Johnson | Citizens Bank GoGo toto americanbanker.com/about-the-cover-2018americanbanker.com/about-the-cover-2018 toto learnlearn moremore aboutabout thethe photophoto shootshoot andand selectedselected quotes.quotes. Meera Clark | Morgan Stanley 001_ABM1018C1_ABM1018.indd 1 4 9/5/18 5:43 PM C1_ABM1018.indd 5 9/5/18 5:43 PM C1_ABM1018.indd 6 9/6/18 11:25 AM C1_ABM1018.indd 7 9/11/20189/10/18 10:51:27 11:33 AM AM Contents October 2018 | VOL. 128 | NO. 10 14 “You can either be creating the change or watch it pass you by,” says Amy Brady, THE RANKINGS KeyCorp’s chief information officer.
    [Show full text]
  • Senior Management Biographies
    SPEAKER BIOGRAPHIES February 25, 2020 Jamie Dimon Chairman & Chief Executive Officer Jamie Dimon is Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., a global financial services firm with assets of $2.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers, small business, commercial banking, financial transaction processing and asset management. Dimon became CEO on January 1, 2006 and one year later also became Chairman of the Board. He was named President and Chief Operating Officer upon the company’s merger with Bank One Corporation on July 1, 2004. Dimon joined Bank One as Chairman and CEO in 2000. Dimon began his career at American Express Company. Next, he served as Chief Financial Officer and then President at Commercial Credit, which made numerous acquisitions and divestitures, including acquiring Primerica Corporation in 1987 and The Travelers Corporation in 1993. Dimon served as President and Chief Operating Officer of Travelers from 1990 through 1998 while concurrently serving as Chief Operating Officer of its Smith Barney Inc. subsidiary before becoming co-Chairman and Co-CEO of the combined brokerage following the 1997 merger of Smith Barney and Salomon Brothers. In 1998, Dimon was named President of Citigroup Inc., the global financial services company formed by the combination of Travelers Group and Citicorp. Dimon earned his bachelor’s degree from Tufts University and holds an MBA from Harvard Business School. He serves on the boards of directors of a number of non-profit institutions including the Business Roundtable, Bank Policy Institute and Harvard Business School.
    [Show full text]
  • Jpmorgan Chase &
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON , D.C. 20549 DIVISION OF CORPORATION FINANCE March 22, 2019 Martin P. Dunn Morrison & Foerster LLP [email protected] Re: JPMorgan Chase & Co. Incoming letter dated January 15, 2019 Dear Mr. Dunn: This letter is in response to your correspondence dated January 15, 2019 and February 27, 2019 concerning the shareholder proposal (the “Proposal”) submitted to JPMorgan Chase & Co. (the “Company”) by the AFL-CIO Reserve Fund (the “Proponent”) for inclusion in the Company’s proxy materials for its upcoming annual meeting of security holders. We also have received correspondence from the Proponent dated February 14, 2019. Copies of all of the correspondence on which this response is based will be made available on our website at http://www.sec.gov/divisions/ corpfin/cf- noaction/14a-8.shtml. For your reference, a brief discussion of the Division’s informal procedures regarding shareholder proposals is also available at the same website address. Sincerely, M. Hughes Bates Special Counsel Enclosure cc: Brandon J. Rees AFL-CIO [email protected] March 22, 2019 Response of the Office of Chief Counsel Division of Corporation Finance Re: JPMorgan Chase & Co. Incoming letter dated January 15, 2019 The Proposal requests that the board adopt a policy prohibiting the vesting of equity-based awards for senior executives due to a voluntary resignation to enter government service. There appears to be some basis for your view that the Company may exclude the Proposal under rule 14a-8(i)(7), as relating to the Company’s ordinary business operations. In our view, the Proposal micromanages the Company by seeking to impose specific methods for implementing complex policies.
    [Show full text]
  • Coronavirus Vaccinations Begin in U.S
    P2JW350000-6-A00100-17FFFF5178F ****** TUESDAY,DECEMBER 15,2020~VOL. CCLXXVI NO.141 WSJ.com HHHH $4.00 DJIA 29861.55 g 184.82 0.6% NASDAQ 12440.04 À 0.5% STOXX 600 391.85 À 0.4% 10-YR. TREAS. unch, yield 0.891% OIL $46.99 À $0.42 GOLD $1,828.70 g $11.10 EURO $1.2143 YEN 104.05 What’s Coronavirus News Vaccinations Business&Finance Begin in U.S. he JusticeDepartment Treached a civil settle- ment with the UAW, marking Health workers given dayand Sunday, completing a major turning point in a distribution of an initial 2.9 multiyear corruption probe the first of millions of million doses.The vaccines are that has sent several former given in two doses several S doses as virus’s death labor leaders to prison. A1 weeks apart. PRES toll passes 300,000 TheCovid-19 effort “will be Morethan adozeN Google TED logistically and socially and services,including Gmail and OCIA BY PETER lOFTUS medically the largest unfolding YouTube, were offline in SS /A AND MELANIE GRAYCE WEST of avaccination program ever swaths of the globe Monday, conducted,” said Dr.Howard interrupting access forindi- HONG The first U.S. Covid-19 vac- Markel, professor of medical viduals and businesses. B1 C. E cinations outside of clinical historyatthe University of JA Boeing expanded inspec- S; trials beganMonday, kicking Michigan. “We’venever had tions of newly produced 787 off the most urgent mass im- such amassivecampaign in PRES Dreamlinersafter finding a munization campaign since the middle of a pandemic.” previouslydisclosed defect TED polio shots were rolled out in Thelargest past immuniza- CIA in sections of the jet whereit SO the 1950s.
    [Show full text]