Citigroup Sued Over 'Exorbitant' Executive Pay Hikes
The suit, filed in New York state court, accuses the board and certain executive officers and former directors of approving hefty pay hikes to executives despite the “colossal failure” of Citigroup, which saw share prices tumble and necessitated billions in federal bailout funds in 2008.
“'Too big to fail' and Citigroup were synonymous in...
Already a subscriber? Click here to login