Citigroup CEO Vikram Pandit, who just butchered 4,200 jobs the other day for so-called expense management reasons, 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.
Vikram Pandit also received options on three million Citigroup shares, with strike prices ranging from $24.40 to $36.60.
On the bank’s Q4 earnings call on January 15, Vikram Pandit blabbered on about expense management, reengineeringÂ and rightsizing staffing levels.
So we expect this desi butcher to hack away at several thousand more jobs at Citigroup.
Way to go, Vikram.
But just spare us the bullshit about how people are your most important asset as you did the other day on the earnings call.