Citigroup CEO’s annual salary stays at $1

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http://www.marketwatch.com/story/citigroup-ceo-annual-salary-stays-at-1-2009-11-17
Nov. 17, 2009, 4:48 p.m. EST
Citigroup CEO’s annual salary stays at $1
Pandit to gets no ‘stock salary’ this year under government pay limits
By Alistair Barr, MarketWatch
SAN FRANCISCO (MarketWatch) — Citigroup Inc. Chief Executive Vikram Pandit will be paid a salary of $1 this year and will get no stock awards as the troubled banking giant shrinks under part-government ownership, according to a regulatory filing late Tuesday.
Citi (NYSE:C) said its compensation committee kept Pandit’s annual base salary at $1 and granted him no so-called stock awards for fiscal 2009, the filing said.

Published in Market Watch November 17, 2009 by Alistair Barr

Citigroup Inc. Chief Executive Vikram Pandit will be paid a salary of $1 this year and will get no stock awards as the troubled banking giant shrinks under part-government ownership, according to a regulatory filing late Tuesday.

Citi (NYSE:C) said its compensation committee kept Pandit’s annual base salary at $1 and granted him no so-called stock awards for fiscal 2009, the filing said.

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