Former Citigroup Execs to Get $15 Million Each
Former Citigroup Inc <C.N> CEO Vikram Pandit, who resigned last month under pressure from company directors, and former chief operating officer John Havens will receive more than $15 million each, the company said on Friday.
The sums were disclosed in a filing with the Securities and Exchange Commission.
The amounts were set in written agreements reached with the Pandit and Havens earlier in the day.
Source: Reuters. Read full article. (link)
Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time.