Citigroup CEO Vikram Pandit disclosed that his pay for 2008 was $1 million in testimony before the U.S. House Financial Services Committee this morning.
Folks, remember Citigroup lost $18.72 billion in 2008 including $8.29 billion in the fourth quarter alone. And fired 73,000 employees.
Vikram Pandit also got about $26.7 million in stock (1.094 million shares) on January 22, 2008, according to the bank’s regulatory filings with the Securities and Exchange Commission. The greedy pig also received options on three million Citigroup shares, with strike prices ranging from $24.40 to $36.60.
Besides the hefty $1 million in pay and stock award, there are perks like the private jet and God only knows what else.

Vikram Pandit – Greedy Desi Pig
Apart from taking home $1 million, which he obviously does not deserve, Continue reading »

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