| NEW YORK
NEW YORK May 16 JPMorgan Chase & Co
Chief Executive Jamie Dimon on Tuesday responded to criticism
from angry shareholders of his role advising President Donald
Trump on economic matters, saying he would help "any president"
At the bank's annual meeting in Wilmington, Delaware,
several attendees demanded answers from Dimon about his role on
a White House business council and JPMorgan's involvement with
financial deregulation efforts in Washington.
"I would try to help any president of the United States,
because I'm a patriot," Dimon said. "That does not mean we agree
with all the policies that an administration comes up with."
Asked whether he would step down from Trump's Strategic and
Policy Forum, which includes over a dozen leaders of major
corporations, Dimon said simply, "No."
Like annual shareholder meetings held by other big U.S.
banks this year, JPMorgan's was dominated by activists concerned
about Trump's positions on immigration, minorities, human rights
and the environment.
The actual business of the meeting was less controversial:
voting shareholders sided with management on all major
resolutions, including the election of directors and executive
compensation. Activists' proposals were rejected.
In discussing Trump, Dimon repeated a metaphor he has used
several times about the president being a pilot and the United
States an airplane.
He also defended JPMorgan's track record with issues
shareholders raised, including its support for "free and fair
trade" with Mexico, and argued that efforts to reduce Wall
Street regulations will help the economy.
(Reporting by Dan Freed; Writing by Lauren Tara LaCapra;
Editing by Dan Grebler)