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Citigroup Pay Proposal Rejected By Shareholders
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Site Admin  Joined: Sun Oct 11, 2009 8:59 am Posts: 6532 Location: Friendswood, TX 
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 Citigroup Pay Proposal Rejected By Shareholders    Citigroup's terrible, horrible, no good, very bad year continues. The big bank last month suffered the ignominy of having the Federal Reserve nix its plan to raise its dividend from the nominal penny per share. And on Tuesday Citi shareholders rejected its pay plan for top executives, including nearly $15 million in pay-and a $40 million bonus--for CEO Vikram Pandit.  The say-on-pay vote, a feature of the Dodd-Frank financial-reform law, isn't binding on Citigroup. But that slap on the face, with only 45 percent of investors approving Citi's pay plan, stings nonetheless. We ARE the 99%! Read more here: http://www.huffingtonpost.com/2012/04/17/citigroup-pay-proposal_n_1431707.html _________________ The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little. - FDR |
| Wed Apr 18, 2012 7:59 am |
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