Hailing Indian banks for their "great job", Citigroup chief Vikram Pandit today said they need to be well-capitalised and prepared to exploit a "lot of growth left" in the economy.
Citigroup today said it has rewarded CEO Vikram Pandit with an over 16 million dollar "retention award" for his "outstanding job" of steering the financial giant to profitability and executing
Global financial services company Citigroup will raise the one dollar token salary of its Chief Executive Vikram Pandit to a compensation commensurate with the job, next year.
Citigroup Inc said it paid Vikram Pandit, its chief executive, just under $129,000 for 2009, making him one of the lowest paid CEOs on Wall Street.
Pandit said in early 2009
Saudi Prince Alwaleed bin Talal, who is a major shareholder in the Citigroup, has told the bank's Indian-American CEO Vikram Pandit that his two-year honeymoon is now over and 2010 is a make or break year for him.
Vikram Pandit will continue to take the salary of one dollar a year, although the financial services firm has raised base salaries for two of its senior officials.
Vikram Pandit said on Thursday that $100 million is too much for an employee.
Jha of Motorola and Vikram Pandit of Citigroup are among the three
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