In October 2021, MineralTree was acquired by Global Payments Inc. Making businesses proud of their back office is our purpose. Our solutions combine ease of use with robust capabilities that drive meaningful insights, transforming the back office into a strategic partner of the corner office.
By uniting technology and passionate people, we make the process of business payments easy, impactful, and profitable.
MineralTree provides modern, secure, easy-to-use Accounts Payable (AP) and payment automation solutions to organizations that have a painful number of invoices and payments. With our award-winning solution, companies such as Amazon, Salesforce, Amway, Boston Celtics, Baltimore Ravens, BrightView Health, and the Southern Company have shifted accounts payable from a source of inefficiency and fraud risk to a secure and strategic profit center. As a Deloitte Technology Fast 500 Winner and voted one of the top companies to work for by Built in Boston in 2021, MineralTree is a disruptive Fintech company enabling over 2,000 companies to improve operational efficiency with Accounts Payable and Payments Automation. In January, JPMorgan had raised Dimon’s pay from $31.7 million for 2020 to $34.5 million for 2021, as reported.Īnd the advocacy group As You Sow, looking at 2020 compensation packages for its report on the 100 most overpaid CEOs, said Dimon came in at number 62, after coming in at 35 in the report looking at 2019 pay.ĭo you have a news tip you’d like to share with FA-IQ? Email us at. “Shareholders should consider the company’s sustained disconnect between executive pay and performance over the last nine years.” “Excessive one-off grants to the CEO and COO amid tepid relative performance worsen long-standing concerns regarding the company’s executive-pay program,” Glass Lewis said in its report, according to Bloomberg. Glass, Lewis also took issue with the $53.3 million in total compensation for president and chief operating officer Daniel Pinto, who came in as acting co-CEO in 2020 when Dimon needed heart surgery amid the coronavirus pandemic, the news service writes. The number of shares in the award has grown since then from 243,697 to 398,708, as the bank met targets for return on equity and paid out dividends as stock, while the share price rose 38%, according to Bloomberg. In late March, Dimon - who is worth $2 billion, according to the Bloomberg Billionaires Index - received close to $56 million of JPMorgan Chase stock, before taxes, from a performance award from January 2019, the news service wrote previously. The company said it’s concerned about a “disconnect” between his compensation and the bank’s performance, in particular the $52.6 million in option awards granted to Dimon, “nearly double the size of his regular equity grant for 2021” and a substantial part of his $84.4 million annual compensation package, Glass Lewis said in a report cited by Bloomberg. Proxy advisor firm Glass Lewis is urging JPMorgan shareholders to vote against its chief executive officer’s pay package, according to news reports.
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