Monday, January 28, 2008

Citigroup CEO gets $26.7 million in stock, 3 million options

NEW YORK — Citigroup (C) awarded Chief Executive Vikram Pandit $26.7 million worth of shares and 3 million stock options six weeks after he took over the largest U.S. bank, and a week after the company reported a record $9.83 billion quarterly loss.

In a filing with the U.S. Securities and Exchange Commission on Thursday night, Citigroup said Pandit was awarded 1,094,949 shares Tuesday under a company incentive plan adopted in 1999. Read more..

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