Last month, J.P. Morgan announced plans to spend $20 billion over five years to raise hourly pay for some workers, add jobs and open 400 branches in new markets. CEO Jamie Dimon, the highlight of the morning-long presentation, offered up his view that some features of life in a publicly traded company are stupid. For starters, he said, annual shareholder meetings have been hijacked by people with political agendas. The meetings have become "a complete waste of time," he said, "a joke."