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Monday, March 16, 2009

More on bonuses: Citi Chief takes $38.2 million in 2008


This just in from "The New York Times:

"Citigroup gave Vikram S. Pandit, its chief executive, a compensation package valued at more than $38.2 million for 2008, even as the bank posted five consecutive quarters of multibillion-dollar losses and turned to the government three times for help."

That's almost 1/4 of the amount AIG is paying to its discredited executives.

Are you in shock? Well, you should be. Let President Obama know how you feel: http://www.whitehouse.gov/contact

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