Well, not necessarily if you check out the fine print…remember, the “special master” Kenneth Feinberg, oversees compensation for companies receiving the most government support, and Citigroup is one of those. He can reject pay plans he deems excessive and review compensation for the top 100 salaried employees at these firms. So, you won’t see the [...]
FDIC To Name Top Position at Citi?
June 14, 2009 By Leave a Comment
Well, why should I be surprised? Have heard and seen it all now. On Friday, June 5, Reuters’ Bangalore reporter Ajay Kamalakaran, reported that the FDIC was looking to replace Citigroup’s CEO Pandit with former U.S. Bancorp Chief Exec Grundhofer, who recently joined Citigroup’s board. Reason being, of course that the FDIC was concerned about [...]
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