Relevant:
- Vikram Pandit and Bob Diamond planning to start own firms
- Vikram Pandit, Ousted Citigroup CEO, Gets $15.5 Million Payout
- Pandit Gets Pay Package Valued at $38.2 Million
- Parsons Sipping Red Wine Calls Pandit Exit ‘Appropriate'
- FDIC wants a Citigroup shake-up; Vikram Pandit closer to getting the boot?
2012-04-19 — nypost.com
After management OK'd a whopping $15 million pay raise, Citigroup CEO Vikram Pandit put the Greenwich, Conn., house he and his wife have owned for the last 11 years on the market for $4.3 million.
But if Pandit is looking to upgrade from his starter mansion, he might want to reconsider in the wake of Citi shareholders' decision this week to KO the pay package.
That means Pandit, who got a salary of $1.6 million and a $5.3 million bonus plus stock awards, may see his haul get trimmed a bit. The shareholder vote is non-binding.
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