Citi Boosts Executive Pay

NEW YORK — Citigroup, still partly owned by the government after a rescue during the financial meltdown, is giving raises to top executives that could amount to millions of dollars.

CEO Vikram Pandit, who is drawing a salary of $1 for the second year in a row, did not get a raise, but the chairman of the bank hinted it plans a big payout for him next year.

Read more: Tarp, Manuel Medina-Mora, Bail Out, Stocks, Taxpayers, Citi, Vikram Pandit, Bailout, John Gerspach, Citibank, Banks, Bonuses, Wall Street, Executive Pay, Citigroup, Business News


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