No Bonus For Top Boss - But He Still Bags $216m!
More in BUSINESS NEWS
back-up- Meet Goldman Sachs' Newest Managing Directors
- Geithner On Financial Regulatory Reform
- Free Job Postings Until 31.03.2010
- Bank Tells Staff To Knock Off Early To Make Babies
- 'Do I Seem Like A Guy Who Throws Chairs ?'
- Best Place To Work Update
- Office Humour - Warning, Some May Find This Offensive
- City Bankers Prepare For Disaster Scenario
- John Thain Defends Wall Street Bonuses
- Click Here To Register For Free News E-Mail Alerts
- Lazard Names New CEO
- Top Firm Told To Give Up Bonuses
- Government Accused Of Botching Major Bailout
- UBS Reveals Its Hand
- The Dash For Trash
- Too Big To Fail
- 'Sorry - But Christmas Is Cancelled'
- Regulator To Have Power To Tear Up Banker Pay Contracts
- IT Programmers Accused Of Being Madoff Accomplices
- Cityboy On Corporate Social Responsibility
- Top Firm To Unveil Turnaround Strategy
- The Obvious Candidate To Succeed Ken Lewis Is Ken Lewis
- Quit The UK To Avoid Higher Taxes - Poll Results
- Bankers Forced To Take Second Jobs To Make Ends Meet
- Goldman Kitten Payments Go A Stray
- More Compensation News
- Best Place To Work 2010 - Vote Now
- Banker Eye Test
- Goldman Sachs - View From The Top
- The Lloyd's Prayer
- Exec Claims Hedge Fund Boss Hired Hit Man To Kill Her
- $125m-A-Year Banker's Wife Says She Was Treated Like 'Mail-Order Bride'
- 'The Sell Out'
- 'Many Of You Have Seen Life Savings Vanish'
- Tough Times For Expenses - £5 For Lunch
- Tragic Banker Rehearsed Suicide Before Killing Himself
- Bear Stearns Fraud Case - The Verdict
- Even More Compensation News
- CEO Says That History Will Vindicate Him
- Traders Desperate To Get 'The Clap'
- Reservoir Gods
- Who Was Mr Angry During The Financial Crisis ?
- JPMorgan Chase Compensation Letter
- Regulator Warns - 'Yes, That Does Mean People Go To Jail'
- Brokers Complain Of Bailed-Out Banks Bullying Tactics
- Best Place To Work - Previous Winners
- Best Place To Work 2009 Results - The Top 100 Firms
- CEO Says He Could Top Himself & People Would Cheer
- Top Firm Hires 78-Yr-Old / Ex-Boss Says 'Sorry' For Citigroup
- Top Firm Said To Be At Loggerheads
Related Content
- Top Firm Boss Says 'Our Reputation Is Still Damaged' (09/09/2009)
- It's A No, As Boss Refuses To Talk To Top Firm (20/10/2009)
- Top Firm Hires 78-Yr-Old / Ex-Boss Says 'Sorry' For Citigroup (08/11/2009)
- Top Boss 'Drifting Out To Sea Like A Dying Eskimo' (01/10/2009)
- Top Boss Tells Church Crowd 'Profit Is Not Satanic' (04/11/2009)
- More Bonus News (19/10/2009)
The bulk of this money, of course, came from the sale of Old Lane Partners, the hedge fund Pandit started which Citi acquired last year. Citi's new CEO is said to have bagged $162.5m of the $800m purchase price. He is also said to have received some $48m in stock and performance-related options and $2.7m in compensation for the 6 months he headed up Citi's investment banking and alternative investments units.
In the meantime, Citi insiders have denied reports that Pandit has been seeking the views of former Citibank boss John Reed about the future of the company's retail banking unit.
The Wall Street Journal reports that French police have now released without charge the third SocGen employee detained in connection with that $7.1bn rogue trading affair.
And finally, Barclays boss Bob Diamond is said to be going to base himself jointly out of New York and London in future. This is said to reflect the fact that the bank, and more particularly Barclays Capital, is ready of an assault on the US market in the coming months.
Please use the 'E-Mail' button immediately under the article title to send this item to a friend.
