Securities Law Prof Blog

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

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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

http://lawprofessors.typepad.com/securities/2012/04/citigroup-shareholders-vote-no-on-executive-pay.html

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