Citi CEO Pandit's 2011 pay soars to $14.9 million

NEW YORK (Reuters) - Citigroup Chief Executive Vikram Pandit finally got his payday. The third biggest U.S. bank company paid Pandit $14.86 million in 2011, compared with a salary of $1 and no bonus in 2010, according to a filing with the Securities and Exchange Committee. The 2011 payout included salary of $1.7 million and cash supplemented by a cash bonus of $5.3 million and options valued at $7.8 million. In 2009, Pandit's total pay package was $128,751. ...

NEW YORK (Reuters) - Citigroup Chief Executive Vikram Pandit finally got his payday. The third biggest U.S.

NEW YORK (Reuters) - Citigroup Chief Executive Vikram Pandit finally got his payday. The third biggest U.S. bank company paid Pandit $14.86 million in 2011, compared with $1 in 2010, according to a filing with the Securities and Exchange Committee. The 2011 payout included salary of $1.7 million and cash supplemented by a cash bonus of $5.3 million and options valued at $7.8 million. In 2010, Pandit's total pay package was $128,751. The pay recognizes Pandit's shepherding of the company to profitability after the bank was bailed out by the government in 2008.

MUMBAI (Reuters) -

Compensation numbers were announced at the end of last month, but according to Bloomberg, there are still numbers to read between the lines at Citigroup.

NEW YORK (Reuters) - Citigroup Chief Executive Vikram Pandit finally got his payday. The third biggest U.S.