• 09 Nov 2012 at 6:19 PM

Bonus Watch ’12: Ex-Citigroup CEOs

Just because they unceremoniously threw him out on his ass doesn’t mean the board wants to see Vikram go home empty handed.

Vikram Pandit, Citigroup’ ousted chief executive officer, will get about $6.7 million in 2012 compensation and will forfeit some awards tied to a $40 million retention package granted last year. John Havens, who resigned last month as Citigroup’s chief operating officer on the same day as Pandit, will get about $6.8 million for 2012 and also forfeit some awards, the New York-based lender said today in a regulatory filing. Citigroup is the third-largest U.S. bank by assets. “Based on the progress this year through the date of separation, the board determined that an incentive award for their work in 2012 was appropriate and equitable,” Chairman Michael E. O’Neill said in the filing. “While Citi will also honor all past awards that they are legally entitled to, there are no severance payments. Awards to which they are not legally entitled have been forfeited.”

Citigroup’s Pandit $6.7 Million Compensation For 2012 [Bloomberg]

8 comments (hidden to protect delicate sensibilities)
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Comments (8)

  1. Posted by Semiguest | November 9, 2012 at 6:26 PM

    Try Six Point …… EIGHT!!!

    J Havens

  2. Posted by guest | November 9, 2012 at 6:29 PM

    How can I get fired as CEO of Citigroup?

    asking for a friend.

  3. Posted by Bejujular | November 9, 2012 at 7:40 PM

    The sign of a great businessman is clearly getting paid more on your way in than your way out.

  4. Posted by UBS office lackey | November 9, 2012 at 8:54 PM

    He gets a cow and some free squishees

    Apu —-

  5. Posted by guest | November 9, 2012 at 10:32 PM

    Kill yourself.

  6. Posted by guest | November 9, 2012 at 10:32 PM

    Racist douchebag says what?

  7. Posted by guest | November 9, 2012 at 10:33 PM

    Did you wake up this morning and say, today is the day I leave one of the most unoriginal jokes I can think of about Vikram Pandit?

  8. Posted by Wha to do when bored | November 10, 2012 at 3:27 AM

    Try to make sensible argument … its not a good joke by the way