Monday, July 27, 2009
Citi exec's pay package may spark gov't showdown
The hefty 2009 pay package of Andrew J. Hall, leader of Citigroup Inc.'s lucrative Phibro energy trading unit, may spark a showdown between the New York-based bank and government pay czar Kenneth Feinberg.
Hall's division generates a substantial chunk of Citigroup's profit, which the bank sorely needs to get back on its feet and eventually repay the $45 billion it has received in government aid... Hall's compensation is linked to Phibro's profits, but the size of his 2009 pay package, which The Wall Street Journal estimated Saturday may total $100 million, could fuel political and shareholder anger against Citi...
MyWay: Citi exec's pay package may spark gov't showdown
Hall's division generates a substantial chunk of Citigroup's profit, which the bank sorely needs to get back on its feet and eventually repay the $45 billion it has received in government aid... Hall's compensation is linked to Phibro's profits, but the size of his 2009 pay package, which The Wall Street Journal estimated Saturday may total $100 million, could fuel political and shareholder anger against Citi...
MyWay: Citi exec's pay package may spark gov't showdown
Permalink posted by markw @ 4:50 AM 
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