Citigroup Will Resolve CEO Pay by End of Year, Pandit Says
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Citigroup Inc., whose shareholders rejected Chief Executive Officer Vikram Pandit’s compensation plan in April, is committed to resolving the pay dispute and the board will make a decision by the end of the year, he said.
Directors are still consulting with shareholders of the New York-based lender about potential changes, Pandit said today in an interview with Bloomberg Television in St. Petersburg, Russia. The advisory vote last April was non-binding.