Monday, November 12, 2012

Wall Street CEO Gets $6.7 Million Payout After Crashing His Company | NationofChange

Wall Street CEO Gets $6.7 Million Payout After Crashing His Company | NationofChange:

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 Citigroup said Friday that the former CEO, who resigned last month in a management shakeup, will receive an “incentive award” of $6.7 million for his work at the bank this year.Former president and chief operating officer John Havens, who stepped down along with Pandit, is getting $6.8 million, according to a filing with the Securities and Exchange Commission.
The two men will also continue collecting deferred cash and stock compensation from last year, awards valued at $8.8 million for Pandit and $8.7 million for Havens.

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