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Citigroup Revolt: Just Say No (Finally) to Obscene Pay

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  • Teresa Binstock
    Citigroup Revolt: Just Say No (Finally) to Obscene Pay
    Message 1 of 1 , Apr 21 3:51 PM
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      Days after a majority of its shareholders rejected a $15 million pay package for Citigroup CEO Vikram Pandit - the first such act at a major bank since Dodd-Frank made it possible - a suit has been filed against Pandit and his board for "breaching their fiduciary duties" by awarding executives $54 million in a year when the bank lost money for everyone else. Pandit's still rich, but maybe folks are starting to wonder how and why.

      -Abby Zimet
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