Bonus Watch '13: Vikram Pandit
Uncle Vikula, who just started receiving a salary in January after choosing to make $1 a year until Citi turned a profit, may now be eligible for a very exciting three-part bonus.
Mr. Pandit will receive $10 million in deferred stock in three equal installments starting in 2013, provided the New York bank hits certain financial, organizational and staff development goals. He will receive $6.65 million in profit sharing if Citigroup hits a certain income target, paid in two installments starting in 2013. And he will receive 500,000 stock options vesting over three years beginning in May 2012.
[WSJ]