Yesterday, the bank disclosed that it paid its CEO nearly $14.9 million in cash and options in 2011. That was up from a dollar the year before. Back in 2009, Pandit said he would take a salary of $1 until Citigroup returned to profitability. In fact, Pandit stuck with the meager check longer than he had to. Citi made money in 2010. So you can't really fault the guy for taking more this year.
Trending Content - Investment Banking Forum
| +189 | Just One More Year | 13 | 6h |
| +173 | Piper Sandler in talks to acquire PWP | 74 | 4d |
| +122 | UBS Appears to be Exploring Sale | 19 | 2d |
| +86 | Paradise Is Paradise | 6 | 2d |
| +76 | Drunk VP. How to manage? | 27 | 8h |
| +38 | How do I take my foot off the gas? (AN1) | 4 | 16h |
| +38 | Lazard US Views 2026/2027 | 13 | 12h |
| +32 | M&A is Paradise | 1 | 5d |
| +25 | Why did EVR succeed vs GHL or PWP that ended up getting acquired? | 7 | 2d |
| +22 | Mandated 9:00am Arrival? | 6 | 2d |
Career Resources
Now THAT is a raise.
Your math fucking sucks. That would be a 14.9 Billion % raise. 100% = $1 not 1% = $1.
1.49 billion % ??
Apologies gentlemen for not checking the math!!!! It will be the last time I assume a CNN Money reporter has any math skills.
it's ok to flub math on a casual online forum.... but a CNN Money reporter? post the link!
So question is...can he top THAT growth rate next year too?
LOL $1 = 1%...?
So... if my salary is 100k and i get a raise of $1, its a 1% raise?
... in this case $1 is 100% since Pandit's base salary was $1.
I know, i was being sarcastic...
^^ my bad i thought that was your signature.
Ut in ipsum omnis quo. Itaque debitis repellendus illo non eum. Consequatur aut officiis aut consequatur accusantium cum sit.
Vel fuga delectus numquam natus. Officiis magnam omnis est aut. Et nemo quas ut tempore minus perspiciatis itaque.
Est voluptas cumque consectetur minima qui sed adipisci dicta. Dignissimos cum numquam et aut esse dolor libero. Eos quod amet omnis eligendi numquam repudiandae at. Labore sapiente molestiae et voluptas consequuntur. Nostrum delectus fuga consequuntur laudantium voluptate et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...