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Citigroup Says Chief Executive Pandit’s Salary Remains $1-Year

Sept. 24 (Bloomberg) -- Citigroup Inc. said it will pay no stock salary to Chief Executive Officer Vikram Pandit for the portion of 2010 that the company is subject to U.S. executive compensation provisions. Pandit’s salary remains at $1 per year.

Citigroup also said it will pay stock salary at the monthly rates of $347,222 for Chief Financial Officer John Gerspach; $500,000 for Vice Chairman Edward Kelly; $750,000 for head of institutional clients group John Havens; $620,909 for consumer banking for the Americas head Manuel Medina-Mora; and $502,365 for Europe, Middle East and Africa chief Alberto Vermea.

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To contact the editor responsible for this story: Greg Chang at

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