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3xBuBu

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Re: langlui post# 155152

Sunday, 04/22/2012 12:28:31 PM

Sunday, April 22, 2012 12:28:31 PM

Post# of 160315
Citigroup CEO and directors sued over executive pay
Thursday's lawsuit seeks to force Pandit, Parsons and other Citigroup directors to pay damages to the bank and for Citigroup to bolster internal controls.

Pandit was paid a symbolic $1 in 2010 and $128,741 in 2009. He had joined Citigroup in 2007 when the bank bought his hedge fund Old Lane Partners for $800 million. Citigroup is the nation's third-largest bank by assets.

The case is Moskal v. Pandit et al, U.S. District Court, Southern District of New York, No. 12-03114.
http://news.yahoo.com/citigroup-ceo-directors-sued-over-executive-pay-163502629--sector.html


My post is for my entertainment, do your own DD before pushing your
buy/sell buttons

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