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Thread: Citigroup CEO and directors sued over executive pay

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    Citigroup CEO and directors sued over executive pay

    Days after being rebuked by shareholders, Citigroup Inc (C.N) Chief Executive Vikram Pandit and the bank's directors have been sued by a shareholder accusing them of awarding outsized pay to top executives.

    The complaint, filed Thursday in Manhattan federal court, said directors breached their fiduciary duties by awarding more than $54 million of compensation in 2011 to the executives, including $15 million to Pandit, though the bank's performance did not necessarily justify it.


    Citigroup CEO and directors sued over executive pay | Reuters

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    Re: Citigroup CEO and directors sued over executive pay

    The guy who filed the lawsuit is a man named Stanley Moskal.

    Now I did a quick search on this fellow, couldn't come up with anything except that he may be the former Deputy Mayor of a New Jersey Town called Garfield although I'm not sure whether it's the same person.

    All I can say is, it's a ballsey move on his part, Citigroup is a massive company and will probably flatten him with a 10 Ton Weight not unlike Wiley Coyote in the Roadrunner Cartoons.

    Gotta give him some credit for trying though.

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