Tuesday, October 16, 2012

Citigroup CEO Walks Off With $260 Million After His Bank Loses 88 Percent Of Its Value

Citigroup CEO Walks Off With $260 Million After His Bank Loses 88 Percent Of Its Value: Citigroup CEO Vikram Pandit abruptly resigned today, leaving the helm of the bank that he guided through the financial crisis of 2008. For his five years of leading Citi, Pandit will receive compensation in the neighborhood of $260 million: If no alterations are made to Pandit’s compensation package, Citigroup will have paid him about $261 [...]/p