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After last year's shareholder vote on pay (down), Citigroup (C) adopts a new executive...

After last year's shareholder vote on pay (down), Citigroup (C) adopts a new executive compensation program (8-K) using "a scorecard-based structure preferred by many of Citi's investors." So-called "Performance share unit awards" will "further" the effort to link pay and performance. New CEO Michael Corbat receives $11.5M in pay for 2012, roughly half cash, half stock and PSUAs.
Comments (3)
  • It's about time the top management's renumeration is regulated and tied to the performance of the bank, or else, investors and shareholders alike will be taken for another ride by top executives. They're earning more money than they can ever spend in several lifetimes but I won't begrudge them a single penny if the bank performs above expectations (even if not all the time).
    21 Feb 2013, 05:25 PM Reply Like
  • I think there should be federal regulations on the pay of CEOs most receive far more than they are worth and are using the companies as personal piggy banks.
    21 Feb 2013, 06:01 PM Reply Like
  • Your only worth as much as some are willing to pay.

     

    Fine; CEO's and the heads of unions get paid too much. Deal with it; that is life SUCKERS!
    21 Feb 2013, 11:08 PM Reply Like
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