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Citigroup Will Pay Former Chief Pandit $6.7 Million

Vikram Pandit, Citigroup Inc.’s ousted chief executive officer, will get about $6.7 million in 2012 compensation and will forfeit some awards tied to a $40 million retention package granted last year.

John Havens, who resigned last month as Citigroup’s chief operating officer on the same day as Pandit, will get about $6.8 million for 2012 and also forfeit some awards, the New York-based lender said yesterday in a regulatory filing. Citigroup is the third-largest U.S. bank by assets.