Vikram Pandit, Citigroup CEO, Gets An Enormous Raise

NEW YORK — Citigroup Inc. is giving its CEO a big raise.The New York-based bank is lifting Vikram Pandit’s base salary to $1.75 million from just $1 a year effective immediately, according to a filing with the Securities and Exchange Commi…

NEW YORK — Citigroup Inc. is giving its CEO a big raise.

The New York-based bank is lifting Vikram Pandit’s base salary to $1.75 million from just $1 a year effective immediately, according to a filing with the Securities and Exchange Commission on Friday. The announcement comes after Citi reported its first full year of profits since Pandit took over the top job in 2007. The bank also repaid the last of its bailout money last year.

Read More…
More on Citibank