Earlier this summer, JPMorgan Chase CEO Jamie Dimon told Congress that his $23.1 million pay was “100 percent” on the table for a possible clawback, after the company lost billions of dollars from bad trades. I hope it’s not a nice table; that sounds like it could leave a scratch.
The CEO said the decision would be up to his board, which, by the way, he still runs. That’s because, like many companies, JPMorgan has adopted its own clawback policy, which will soon be a requirement for all public companies under the Dodd-Frank Act, but such policies are already allowed under Delaware law.
