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Dimon Gets Win Over ‘Lazy’ Investors on Corporate Vote Rules (1)

Nov. 1, 2019, 5:03 AMUpdated: Nov. 1, 2019, 3:07 PM

Wall Street’s main regulator is pursuing a crackdown on shareholder campaigns that corporate chieftains say are a nuisance. Few top executives would cheer the move louder than Jamie Dimon.

Dimon has been a frequent target of social activists who want companies to take an aggressive stand on issues such as climate change and human rights abuses. He has squared off with investors who’ve urged JPMorgan Chase & Co. to cut his pay and strip him of his chairman title. And he has chastised stockholders as “lazy” for blindly following recommendations from proxy advisers on how they should vote their ...