Citigroup Inc said it paid Vikram Pandit, its chief executive, just under $129,000 for

RELATED ARTICLES Emerging market rally to continue in 2012: Citi Indian banks need to be well-funded to tap growth: Pandit Indian banks need to be well-funded to tap growth: Pandit Citigroup sued for fraud over $1 billion Kodak eyes bankruptcy cash from Citigroup: Report

2009, making him one of the lowest paid CEOs on

Wall Street.

Pandit said in early 2009 that he was only receiving pay of $1 for the rest of the year, but in the weeks prior to that announcement, he had already received $128,751 in salary. In 2008, Pandit received $38.2 million of pay, most of which was in the form of shares and options now worth closer to $3 million. Wall Street chief executives generally practiced restraint in requesting bonuses in 2009, in an effort to duck public outrage over bank compensation.

The US financial industry received more than $1 trillion of support from the government during the crisis in 2008 and 2009. High bonuses among some professionals in the sector during that period triggered public outrage over the industry's ability to socialize its losses and privatize its gains.