A Bad Year for Pandit, Good for Everyone Else

A Bad Year for Pandit, Good for Everyone Else
Citigroup's CEO saw falling stock lower his pay; not the case at JPMorgan, Goldman Sachs, Morgan Stanley, or Bank of America (Graphic by Bloomberg Businessweek; Data: Company Reports; Photos: Bloomberg(4))
Graphic by Bloomberg Businessweek; Data: Company Reports; Photos: Bloomberg(4)

Citigroup shareholders rejected a compensation plan that would have awarded about $15 million to Chief Executive Officer Vikram Pandit for 2011, when the bank’s stock fell 44 percent. While the vote was nonbinding, the pay plan will be revised. Other Wall Street chiefs got generous packages despite bad years for their stocks.

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