Star trader threatens to leave Citi

[Andy Nguyen]

Looks like Citi decides to pay 100M for Mr. Hall and 30M for another trader. Interesting situation for everyone involved.
U.S. Weighs Action Over Citis $100 Million Man - NYTimes.com

Senior Obama administration officials were wrestling on Friday with how to handle an explosive executive pay issue involving two traders’ compensation package of nearly $130 million that Citigroup says is exempt from government review.

Citigroup’s decision leaves top White House and Treasury Department officials unable to do much about some of the highest-paid employees at the deeply troubled bank just two months after the administration announced, with great fanfare, the appointment of an official to crack down on lucrative payouts at companies that have become wards of the state.

 

[Keblovszky]

Looks like Citi decides to pay 100M for Mr. Hall and 30M for another trader. Interesting situation for everyone involved.
U.S. Weighs Action Over Citis $100 Million Man - NYTimes.com

Looks like the Obama crime family doesn't have to worry about post-administration jobs. They'll be able to find a lot of them at PhiBro. How bad is this going to get? YouTube - Glenn Beck: What the Media Refuses to Tell You About Rahm Emanuel

 

[Stefan Zota]

Looks like the Obama crime family doesn't have to worry about post-administration jobs. They'll be able to find a lot of them at PhiBro. How bad is this going to get? YouTube - Glenn Beck: What the Media Refuses to Tell You About Rahm Emanuel

If you want an objective opinion you cannot find it at Glen Beck - Fox. This doesn't mean it is bad or wrong, it just means that it has no value on this forum.

 

[Andy Nguyen]

Citigroup announced on Friday that it was selling its energy-trading operation, Phibro, to the oil and gas company Occidental Petroleum, potentially allowing the bank to avoid a confrontation with the Obama administration over executive compensation.

Citigroup Sheds Its $100 Million Man - NYTimes.com