Goldman Shareholders Suffered as Blankfein Earned $43 Million

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Published in Bloomberg May 28, 2009 by Ian Katz

Citigroup Inc. Chief Executive Officer Vikrim Pandit weathered almost six hours of grilling from shareholders at the bank’s annual meeting on April 21. He had a lot of explaining to do: The company lost $27.7 billion in 2008 and stayed afloat only with help from a $45 billion government bailout.

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