Citigroup (C) shareholders reject the bank's executive compensation plan after consulting firms...

|About: Citigroup Inc. (C)|By:, SA News Editor

Citigroup (C) shareholders reject the bank's executive compensation plan after consulting firms called the incentive pay "substantially discretionary ... lack(ing) rigorous goals." "That's a serious matter," says Chairman Dick Parsons, "The BOD ... will seek a more quantitative, formula-based method." Perhaps applauding the vote, shares +3.6%.