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Wednesday, 25 May 2016

Pandit's new bonuses make mockery of $1 hair shirt

Money for Old Lane

The targets Citi's board has set for the CEO to rake in $16.7 mln or more are too soft and come on top of regular annual bonuses. Pandit deserves credit for steering Citi through the crisis while earning $1 a year. But this kind of easy money ought to be a thing of the past.

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