New Citigroup Pay Plan May Not Soothe Shareholder Ire

Law360, New York (February 22, 2013, 7:52 PM EST) -- Still smarting from an investor revolt over executive pay last year, Citigroup Inc. on Thursday announced a new compensation structure designed to reward company leaders for hitting performance benchmarks, but experts and shareholder activists warn the plan still does little to encourage executives to focus on long-term stability over short-term profits.

Citi was forced to change its compensation structure for executives after around 55 percent of its shareholders rejected proposed pay packages for the firm's former CEO Vikram S. Pandit and other top officers at a...
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