Business and Industry

Former Citigroup Execs to Get $15 Million Each

But no severance pay

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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.