Sunday, January 23, 2011

City Bank Chief compensated

Vikram Pandit's Salary hiked from $1 to $1.75 mn

At a time when the reputation of City Bank is down in India due to Shiv Puri's $400 Crores and its CEOs are also being charge-sheeted, it is an interesting development that Vikram Pandit's remuneration has been hiked from a simple $1 to $ 1.75 mn.  It has been reported in Economic Times today that Vikram Pandit sacrificed his compensation during tough times for two years.Such long and patient wait seems to have paid for Vikram.

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