High School Marching Band And Choir Of Thousands To Serenade Vikram Pandit Tomorrow Today - Dealbreaker

High School Marching Band And Choir Of Thousands To Serenade Vikram Pandit Tomorrow Today

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Yes, it's part of the Occupy Wall Street protest but still- his own personal marching band and choir! If I'm Vikram, I'm pretty psyched about this, especially considering all Brian Moynihan is getting are a bunch of paper airplanes.

THEY'VE GOT MAIL!

Thousands of #OccupyWallStreet protesters to barrage bank CEO's with 6,000 angry letters from the 99%

WHAT: Mass march to deliver 6,000 letters from the 99% to the 1%

WHEN: 1pm, Friday, October 28

WHERE: Meet-up at Bryant Park (6th Ave. & 42nd St.), march to Bank of America headquarters, Morgan Stanley headquarters, Wells Fargo headquarters, Citigroup headquarters, JP Morgan Chase headquarters.

WHO: Foreclosure victims, unemployed New Yorkers, students with debt, Occupy Wall Street protesters, members of Strong Economy for All, UnitedNY, New York Communities for Change, ALIGN, The Yes Men

WHAT: Thousands will march to the headquarters of five major banks to deliver over 6,000 letters to the 1% submitted to occupytheboardroom.org, concluding with a general assembly at which a foreclosure victim from Southeast Queens will read a letter through the people’s mic inviting Jamie Dimon to tour her neighborhood.

VISUALS: Thousands of people trying to throw paper airplane letters up to the top floor of the BofA building, thousands of people delivering a singing telegram to Citigroup CEO Vikram Pandit led by a choir and marching band, poster board blowups of letters from the 99%, giant mailbag full of letters from march participants.

Will VP turn this into a Call And Response, with his employees answering from the other side of the barricades? It could be like Grease where the 99% are Travolta and his boys and the singing-back Citi staff are Sandy and the Pink Ladies. The only thing that could make this better is if they finished things off with a barbershop quartet performance. Vikram loves those.

Deliver Your Message To The 1% [OWS]

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Vikram Pandit Is Committed To Getting Paid

If you didn't know Chief Executive Officer Vikram Pandit, you might think he enjoyed not being compensated for the work he does at Citigroup because for quite some time, he wasn't. And although the "I will only get paid $1/year until Citi turns a profit" exercise was fun for a while, he was pretty happy when the old jalopy started making money again, in part because it meant he could receive a paycheck. Then last April, his shareholders rejected the bank's executive pay plan, claiming the Big C "lets Chief Executive Officer Vikram Pandit collect millions of dollars in rewards too easily." And while it's possible that Citi shareholders are just a bunch of pricks who chose to overlook the fact that Uncle Vikula didn't collect squat for several years and once had an entire article written about the fact that lieutenants attributed a "new bounce in his step" to him daydreaming "the day when he is going to earn more than a $1 a year,” maybe they just assume that he doesn't care about getting paid either way? Anyway, here's Vickles, reminding anyone who forgot about the sacrifices he made and setting the record straight: “The board has this process with them, they’re going through it, and they are committed, as I am, to making sure that they resolve this,” Pandit said. “I want to get paid what the board thinks is right for me, for the job that I’ve done and for the incentives that they think I ought to have.” Pandit told lawmakers in 2009 that he would take a $1 annual salary until he restored the bank to profitability. Citigroup made a $21.7 billion profit for 2011 and 2010 combined, compared with a $29.3 billion loss for the two preceding years. “When the company was losing money, I stepped up and said I’ll take a dollar a year and I did, exactly for that reason, exactly the right thing to do,” Pandit said. For those having trouble separating the nice guy/don't want to offend anyone statement from what he's actually trying to say, a rough translation of the above would be: get me paid, bitch! Citigroup Will Resolve CEO Pay By End Of Year, Pandit Says [Bloomberg]

Securities And Exchange Commission To Make A Couple Calls Re: Vikram Pandit's Breakup With Citi

The Securities and Exchange Commission has launched a probe into the messy departure of Vikram Pandit as chief executive of Citigroup and whether the board of directors of the big bank properly disclosed his ouster, the FOX Business Network has learned. One person familiar with the matter says the SEC’s inquiry is informal and has not reached the level of a full-blown investigation. But it is a sign the SEC is clearly interested in the circumstances surrounding Pandit’s official “resignation” from the big bank. Those details have been in dispute since the October 16 announcement. Both Pandit and Citigroup chairman Michael O’Neill have said in interviews and during conference calls with analysts that the decision was Pandit’s to leave the firm. [FBN, earlier]