Wednesday, May 16, 2012

Video: Inside the JPMorgan shareholders meeting

CNBC?s Mary Thompson attended the meeting as JPMorgan Chase Chairman and CEO Jamie Dimon apologized yet again.

>>> jpmorgan chase had its annual shareholder meeting today, and the timing was not great. coming just after the baunk nk revealed a $2 billion trading loss. mary thompson was inside that meeting as the chairman and ceo jamie dimon apologized yet again.

>> the meeting was short on protesters, long on security and over very, very quickly. the bank's ceo addressing the trading losses right up front calling them egregious mistakes, the bank is work hard to correct. among the actions the bank could take, asking some of the traders and executives involved to give back some of of their pay. shareholders did overwhelmingly approve dimon's $23 million pay package last year, as well as the $15.5 million pay package given to ina drew. she was responsible for the trading losses. shareholders at the meeting seemed more angry about the ongoing mortgage mess, saying the losses caused by delays in refinancing, problems with foreclosu foreclosures, they're costing the bank much more than these trading losses.

>> the department of justice opened an investigation into the trading losses, jpmorgan declined to comment. back to you.

>> mary thompson cnbc down in tampa for us.

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