Citigroup gives stock to CEO
From Times Staff and Wire Reports
Citigroup Inc. awarded Chief Executive Vikram Pandit $26.7 million of shares and 3 million stock options, six weeks after he took over the largest U.S. bank and a week after Citigroup reported a record $9.83-billion quarterly loss.
Citigroup said Pandit was awarded 1,094,949 shares under a company incentive plan adopted in 1999. He also received options to buy 1 million shares at $24.40 each, 1 million at $30.50 each and 1 million at $36.60 each.
