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JPMorgan plays down health care company to clients

JPMorgan CEO Jamie Dimon speaks at a conference.
JPMorgan Chase CEO Jamie Dimon reportedly told clients the bank's new venture would not take business from other health care companies. Photo: Scott Olson / Getty Images

Health care companies that use JPMorgan Chase for investment banking services and mergers voiced "consternation" over JPMorgan's new venture with Amazon and Berkshire Hathaway, according to a Wall Street Journal scoop. CEO Jamie Dimon had to "hit the phones Tuesday to assuage clients’ concerns," per the report.

Why it matters: The stock market hammered health care companies after people thought the new company could threaten the industry's status quo. But the latest report adds to the skepticism that this venture likely will be nothing more than a glorified group purchasing organization and won't be as "disruptive" as many people think.

Haley Britzky 6 hours ago
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Zuckerberg happy to testify if it is "the right thing to do”

A portrait of Facebook founder Mark Zuckerberg
A portrait of Facebook founder Mark Zuckerberg. Photo: Jaap Arriens / NurPhoto via Getty Images

Facebook CEO Mark Zuckerberg said he would be "happy" to testify before Congress if it was "the right thing to do," in an interview with CNN's Laurie Segall.

Why it matters: Facebook has been under the microscope lately for what Zuckerberg called earlier today the "Cambridge Analytica situation." Zuckerberg said if he was the "person...who will have the most knowledge," then he'd be the one to testify in the face of Facebook's data-collection situation.

Bob Herman 4 hours ago
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Jamie Dimon's $141 million payday

JPMorgan Chase CEO Jamie Dimon speaks at an event.
JPMorgan Chase CEO Jamie Dimon speaks at an event in 2016. Photo: Win McNamee / Getty Images

JPMorgan Chase CEO Jamie Dimon took home more than $141 million in 2017 after calculating the actual realized value of his stock, according to a preliminary draft of the banking giant's annual proxy document. Dimon's compensation is calculated as $28.3 million when using the estimated fair value of his stock. But that compensation figure doesn't matter as much because it doesn't reflect what executives report in their personal income tax filings.

Why it matters: It's the highest pay package of any active corporate CEO from 2017, based on Securities and Exchange Commission documents that have been filed thus far. Dimon's compensation is also 1,818 times higher than what the average JPMorgan employee makes.