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.
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.
