"Go on, take the money and run..."
Oct. 24th, 2012 07:07 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
the_archfiendI admit that I've had my issues with Citigroup/Citibank in the past, which is why the following piece of schadenfreude is just such a delight to read:
Citigroup’s Chief Executive Officer, Vikram Pandit, was apparently pushed out by that company’s board of directors after five years in that position. And Bloomberg reports that during that time, Pandit earned $261 million while the company, the third largest American bank, lost 90% of its stock value.
In other words, Citigroup just paid a major reason for their abject failure over $250 million dollars to continue to be a reason for their abject failure for the years he was in charge. Classic. Just classic.
Citigroup’s Chief Executive Officer, Vikram Pandit, was apparently pushed out by that company’s board of directors after five years in that position. And Bloomberg reports that during that time, Pandit earned $261 million while the company, the third largest American bank, lost 90% of its stock value.
In other words, Citigroup just paid a major reason for their abject failure over $250 million dollars to continue to be a reason for their abject failure for the years he was in charge. Classic. Just classic.
