Bank gets just 45% of votes in favor of its executive compensation.
By Donal Griffin and Bradley Keoun, Bloomberg|April 17, 2012 at 08:47 AM|Originally published on Treasuryandrisk.Com
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Citigroup Inc. investors rejected the bank’s executive pay plan, a first among the six largest U.S. lenders, amid criticism it lets Chief Executive Officer Vikram Pandit collect millions of dollars in rewards too easily.