Tuesday, May 01, 2012

The insanity of CEO pay finally causes a reaction

Title: Citigroup’s Chief Rebuffed on Pay by Shareholders Source: NY Times Date: April 17, 2012 From the article:
    In a stinging rebuke, Citigroup shareholders rebuffed on Tuesday the bank’s $15 million pay package for its chief executive, Vikram S. Pandit, marking the first time that stock owners have united in opposition to outsized compensation at a financial giant.