Apart from taking home $1 million, which he obviously does not deserve, the only other noteworthy things Vikram Pandit did in 2008 was to fire 73,000 employees and the $50 million jet fiasco. Vikram Pandit seems to have done little else of significance so far.
This morning, Vikram Pandit also declared before Congress that he’d take a salary of $1 with no bonus until the company gets back into the black.
But do not shed any tears for Vikram because he joined Citi in April 2007 after selling his hedge fund Old Lane to Citi for over $800 million. After seeing mediocre returns from Old Lane, Citi shut down the fund in June 2008.
Here's my post on Vikrom Pandit and Citibank, the dirtiest money-laundering, student-deceiving, sweeps-account stealing, racial joke-telling scum-sucking rat pigs I have ever seen.
Back to trial; I look forward to putting the Citibank case on video too, they are stupid corporate ho-bags, toxic to the touch: