Loren Steffy's  Instablog

Loren Steffy
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Loren Steffy is the business columnist for the Houston Chronicle. His column appears three times a week and covers a wide range of business topics (http://blogs.chron.com/lorensteffy/). He also writes a daily blog on business and financial topics. Steffy has appeared on CNBC, Fox Business, the... More
My company:
Houston Chronicle
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Loren Steffy
My book:
Drowning in Oil: BP and the Reckless Pursuit of Profit
  • Citi ducks showdown on energy trader pay 0 comments
    Aug 13, 2009 11:56 AM | about stocks: C

    So how will Citigroup and the Obama administration settle the issue of a $100 million bonus due the bank's top energy trader? Apparently, they'll just avoid  the issue.

    As Felix Salmon notes, this just means Andrew Hall will probably take his payoff and leave, rather than be subjected to limits in the future. So much for the government cracking down on Wall Street's runaway pay. It seems our "pay czar" is more of a play czar.

    Disclosure: no positions.

    Stocks: C
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