Citigroup Shareholder Sues Over Executive Compensation

A Citigroup shareholder filed a lawsuit against Citigroup CEO Vikram Pandit and the bank's directors over a compensation package that was contested by investors in a rare failed "say-on-pay" vote this week. Stanley Moskal, a Citi shareholder, filed the lawsuit on Thursday in a New York federal court, in the hope of forcing Pandit and the directors to pay damages to the bank and to improve internal controls, Reuters reported. Citigroup shareholders voted to reject the company's executive...Full Story
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