JPMorgan Chase & Co., the biggest U.S. bank, will consider reclaiming incentive pay from employees including former Chief Investment Officer Ina Drew after her unit had a $2 billion trading loss, Bloomberg News reported today. The lender can cancel stock awards or demand they be repaid if an employee “engages in conduct that causes material financial or reputational harm,” JPMorgan said in its annual proxy statement. JPMorgan is scheduled to announce the results of a shareholder vote on executive compensation today at its annual meeting.
