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March 16, 2009

Citigroup CEO pay, perks, stock-based awards $38.2M

According to MarketWatch: “Citigroup Inc. said Monday that Chief Executive Vikram Pandit’s pay, perks and stocks and options were valued at $38.2 million in 2008, a year in which the company received government bailouts worth about $45 billion.
Pandit’s pay package included stock-based awards and option grants valued at $37.3 million at the time of grants early last year, according to a company filing with the Securities and Exchange Commission. “

March 3, 2009

Fed Eliminates Compensation Limits for TALF Program

Filed under: FYI,Government,US — DF @ 2:59 pm
Tags: , , , ,

According to Bloomberg: “The Federal Reserve and U.S. Treasury eliminated executive-compensation limits for companies that bundle loans accepted under a new $1 trillion program, indicating the rules may have hampered efforts to start the plan.”

November 20, 2008

Big Three auto CEOs flew private jets to ask for taxpayer money

According to CNN: “Some lawmakers lashed out at the CEOs of the Big Three auto companies Wednesday for flying private jets to Washington to request taxpayer bailout money. There is a delicious irony in seeing private luxury jets flying into Washington, D.C., and people coming off of them with tin cups in their hand, saying that they’re going to be trimming down and streamlining their businesses,” Rep. Gary Ackerman, D-New York, told the chief executive officers of Ford, Chrysler and General Motors at a hearing of the House Financial Services Committee.”

According to CNN: “The downfall of one of the Big Three could cost as many as 3 million jobs and $60 billion in the first year, report says.

According to LayOffBlog: “WTF?

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