Citigroup shareholders snub execs on pay

[Locutus]

There ya go then...Occupy THIS! :lol:

Ouch! That hurts. Shareholders rejected a $14.9 million, board-approved pay hike for Citigroup CEO Vikram Pandit, shown above.


Shareholders of Citigroup rejected a board-approved pay package for CEO Vikram Pandit and other top executives, sending a loud and clear message that executive compensation needs to be tied to performance, or else.

It was one of the most high-profile rebukes of executive pay recently and could augur a greater willingness among shareholders to hold executives' feet to the fire on performance. It also was an embarrassment to Chief Executive Vikram Pandit, who took virutally no pay in 2010 while trying to turn the bank around.


more 1% stuff:


Market Day - Citigroup shareholders snub execs on pay

 

[Liberalman]

There ya go then...Occupy THIS! :lol:

Ouch! That hurts. Shareholders rejected a $14.9 million, board-approved pay hike for Citigroup CEO Vikram Pandit, shown above.


Shareholders of Citigroup rejected a board-approved pay package for CEO Vikram Pandit and other top executives, sending a loud and clear message that executive compensation needs to be tied to performance, or else.

It was one of the most high-profile rebukes of executive pay recently and could augur a greater willingness among shareholders to hold executives' feet to the fire on performance. It also was an embarrassment to Chief Executive Vikram Pandit, who took virutally no pay in 2010 while trying to turn the bank around.


more 1% stuff:


Market Day - Citigroup shareholders snub execs on pay

The message the shareholders are sending is visible minorities in high positions are still looked at as slaves

 

[petros]

CPP investment in citigroup:

CITIGROUP INC COM NEW Common Stock $43,193,000.10 # of shares 1,641,699 Voting Auth Sole 1,641,699

 

[TenPenny]

The message the shareholders are sending is visible minorities in high positions are still looked at as slaves

You've got to be fking joking.

 

[SLM]

The message the shareholders are sending is visible minorities in high positions are still looked at as slaves

Or maybe they didn't feel that he'd earned it. The nerve of them!

 

[DaSleeper]

You've got to be fking joking.

The politically correct see racism as an ulterior motive for everybody...sometimes even when they look in the mirror....it's the right thing to do doncha know.....

 

[SLM]

The politically correct see racism as an ulterior motive for everybody...sometimes even when they look in the mirror....it's the right thing to do doncha know.....

Perhaps someone should lend them a copy of The Boy Who Cried Wolf? There may be pertinent life lessons in there.

 

[Sparrow]

It is about time some start reacting to outlandish pay hikes and bonuses. They have gotten to the point of being ridiculous.

 

[taxslave]

The message the shareholders are sending is visible minorities in high positions are still looked at as slaves

Funny he doesn't look white.