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Occupy Targets JPMorgan in Florida


Occupy protesters descended on JPMorgan Chase headquarters Tuesday as shareholders met to discuss the bank’s $2 billion trading loss and CEO Jamie Dimon’s future.

Occupiers chanted slogans such as "Banks got bailed out! We got sold out!"

There was a heavy police presence at the meeting, in an office park east of downtown Tampa. Protesters sang anti-Wall Street songs and threw eggs at a poster with Dimon's picture on it.

"We wanted to let Jamie Dimon know how we feel about what big banks have done to our economy," said Marilyn Lyday, a member of the protest group Occupy Orlando.

The CEO of JPMorgan Chase survived a shareholder push Tuesday to strip him of the title of chairman of the board, five days after he disclosed a by the bank.

CEO Jamie Dimon also won a shareholder endorsement of his pay package from last year, which totaled $23 million, according to an Associated Press analysis of regulatory filings.

Image courtesy Richmond Times-Dispatch

Dimon, unusually subdued, told shareholders at the JPMorgan annual meeting that the company's mistakes were "self-inflicted." Speaking with reporters later, he added: "The buck always stops with me."

Watch Occupy protest JPMorgan (via

Dimon got something of a vote of confidence from President Barack Obama, who appeared on ABC's "The View" for an episode airing Tuesday. Obama used the appearance to press for tighter regulation of Wall Street.

JPMorgan CEO Jamie Dimon

"JPMorgan is one of the best-managed banks there is," the president said. "Jamie Dimon, the head of it, is one of the smartest bankers we got, and they still lost $2 billion and counting."

Obama said the bank was "making bets" in the market for the complex financial instruments known as derivatives. Dimon has said the bank was hedging against financial risk.

The associated Press contributed to this report.

The Associated Press contributed to this report.

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