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Empresas y finanzas

Citigroup's Pandit awarded $10.8 million in 2008


    NEW YORK (Reuters) - Citigroup Inc awarded Chief Executive Vikram Pandit $10.8 million of compensation in 2008, a year in which the bank required two government rescues totaling more than $45 billion.

    About $7.7 million of the compensation was a sign-on bonus the bank gave Pandit in January 2008, according to a regulatory filing on Monday. Pandit also received a salary of nearly $1 million and stock options of $1.6 million.

    Wall Street compensation has come under intense scrutiny recently, particularly at banks that have received government bailouts. Pandit was awarded an amount similar to the $9.9 million that Bank of America awarded to its CEO, Kenneth Lewis.

    Pandit did not receive a regular bonus for 2008. He has said he will accept no incentive pay and will accept base annual pay of $1 until CITIGROUP (C.NY)returns to profitability.

    (Reporting by Dan Wilchins and Jonathan Stempel; editing by John Wallace)