Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Tuesday, April 17, 2012

Citigroup Shareholders Vote No on Executive Pay

At the Citigroup annual meeting, shareholders disapproved of the company's plan to pay $15 million in compensation to CEO Vikram Pandit.  The nonbinding shareholder vote, required by Dodd-Frank, is the first time shareholders at a large financial institution voted against a board's compensation plan.  NYTimes, Citigroup Shareholders Reject Executive Pay Plan

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