Citibank CEO gets Rs 75 crore cash bonus for 2011

March 09, 2012 12:52

Citigroup's India-born CEO Vikram Pandit has received nearly USD 15 million (about Rs 75 crore) as his compensation for 2011, as he got his first cash bonus
in about four years at the global banking giant.

As per a regulatory filing by Citi, Pandit's pay package for 2011 included a salary of USD 1.67 million, a cash incentive of USD 5.33 million and stock options valued at USD 7.98 million, totalling to USD 14.98 million. This is the first time Pandit has got a bonus at Citi and had also got only a token salary of one dollar for 2010. Soon after taking charge in December 2007, Pandit had also decided to forego his cash bonus at the bank.

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