JPMorgan shareholders vote against Jamie Dimon’s pay

Just shows that the efforts to contain Executive Pay, esp at the very top, have been fruitless so far. If only 31% support Dimon's pay, how can it actually stay at the same level? Is there no moral sense of obligation - at least with the toothless board of directors? Nobless oblige one used to say.....so there is no nobless anymore.
What is really wrong with the Personnel Management of many - if not most - firms is the fact that too much reliance is put on the top man/woman and there is no succession plan or proper preparation. Before boards should end pointless debates and rush to the lunch/dinner/golf course they should really review top executive staffing to at least two levels below the CEO. There should also be a plan for the immediate succession - a firm like JP Morgan should be able to have groomed at least two or three worthy successors to Dimon, and reward them well - and cut his ridiculous compensation and assorted freebies.
(19-May-2022)