Citigroup Wins Decision In Bonus Plan Class Action
The Capital Accumulation Plan allows certain Citigroup employees to designate a percentage of their salaries toward the purchase of Citigroup common stock at a 25% discount. However, should the employee quit before the end of the two-year vesting requirement, the employee would forfeit both the stock and the underlying salary.
According to Citigroup, the purpose of CAP is “to enable the company...
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