Vikram Pandit News
Treasury Secretary Nominee Jack Lew Haunted by Wall Street Past
Lew once worked for a bank that received a massive taxpayer bailout in which investors lost millions
Citigroup Stock (C) Jumps After 11,000 Layoffs Announced
Citigroup (NYSE: C) announced it is laying off 11,000 employees, mostly in support functions, pushing the company’s stock up more than 4 percent today. The financial firm said it was taking a “series of repositioning actions that will further reduce expenses and improve efficiency across...
Fired or Resigned: Should CEOs Be Treated Differently?
Citgroup's ex CEO Vikram Pandit may not have resigned voluntarily, and the SEC is investigating.
Bosses Who Volunteer For Pay Cuts
When a company cuts pay, how often does the boss take the same hit as everybody else? How often does he or she volunteer for it, in a gesture of solidarity? Jay Leno, top dog of NBC's "Tonight Show," recently took a 50 percent pay cut, as reported in the Wall Street Journal and confirmed by NBC
thumbs down this week over CEO pay. Shareholders for the first time voting down CEO pay its Citigroup comes just as new figures show where the wealth is growing in this country. In fact look at this in the last three years earnings for Americans already at the top those who were more than 90% of
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
Mind The (Latino) Gap
By MICHAEL FALCONE (@michaelpfalcone) and AMY WALTER (@amyewalter) The Obama campaign is launching an aggressive new push to court Latino voters. The centerpiece: a flight of Spanish-language ads hitting the airwaves in key battleground states like Nevada, Colorado and Florida. The Romney campaign
Citibank Pay Revolt: Start of Something Big?
Morning Business Memo The big question for corporate America today is the scathing rebuke for Citigroup over executive pay: is it just a one-time thing or the start of a trend? Shareholders said no to CEO Vikram Pandit’s $15 million pay package. “This vote is...
Citigroup Shareholders Reject Executive Pay Plan
Citigroup shareholders voted to reject the company’s executive compensation plan during an annual stockholders meeting in Dallas on Tuesday after critics complained that top officials including CEO Vikram Pandit collect rewards all too easily. The proposal received just 45 percent of votes cast and
Retail Sales Impress; 'Hunger Games' Matches 'Avatar'
Ellen Braitman discusses business headlines currently affecting the market.