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Dimon Tells Senate Clawbacks of Executive Pay Are 'Likely'

By Alan Zibel WASHINGTON--The chief executive of J.P. Morgan Chase & Co. (JPM) told U.S. Senate lawmakers Wednesday it's "likely" that the company's board will seek to recoup pay from executives faulted in the bank's multi-billion dollar trading loss. Asked about whether there would be "clawbacks" of such pay, CEO James Dimon said the company's board is still reviewing the matter. But he added that "You can expect we will take proper corrective action. And I would say it's likely, though this is subject to the board, but it's likely there will be clawbacks." Mr. Dimon added that the bank has the ability to seek return of compensation "even for things like bad judgment." The bank, he said, can demand the return unvested stock and cash bonues. "it's pretty extensive, the ability to clawback," Mr. Dimon said. Write to Alan Zibel at [email protected]

Stock News for Jp Morgan Chase (JPM)
DateTimeHeadline
02/27/201706:04:33Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/27/201706:04:19Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/27/201706:03:13Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/27/201706:03:12Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/27/201705:17:00U.S. and China Warehousing Giant GLP Moves Closer to Buyout
02/24/201717:12:09Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/24/201716:49:36Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/24/201716:46:37Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/24/201715:49:03Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/24/201714:42:17Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/24/201714:12:47Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/24/201714:05:17Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/24/201714:01:51Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/24/201712:55:52Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/24/201712:33:20Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/24/201712:32:56Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/24/201712:26:02Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/24/201710:02:00J.P. Morgan Asset Management ETFs Now Offered on E*TRADE's Commission-Free...
02/24/201706:03:52Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
02/24/201706:03:52Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)

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