A friend forwarded this to me and advised me to post the following paragraph without comment. This is Bloomberg on the compensation package for departing CEO Vikram Pandit, and we will indeed leave it, as the Russians say, без комментариев:
Americana Honors Taps Bob Weir, Shawn Colvin for Lifetime Achievement Phoenix Serial Killer: Everything You Need to Know 'Wonka' Star: 'There Will Never Be Anyone Like Gene Wilder' Hear Patti Smith Sing Ambient Nico Song 'I Will Be Seven' See Jon Pardi's Tender, Acoustic George Strait CoverAll Stories »
If no changes are made, Citigroup will have paid Pandit about $261 million in the five years since he became CEO, including his personal compensation and about $165 million for buying his Old Lane Partners LP hedge fund in 2007 in a deal that led to his becoming CEO. The bank shut Old Lane soon after Pandit took the post, causing a $202 million writedown.