Citi (C) Lowers Executive Compensation
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CNBC's Charlie Gasparino is reporting that Citi (NYSE: C) is going to issue an 8-k outlining a lowered executive compensation plan. For example, instead of executives receiving large cash bonuses, exec's will be compensated in deferred stock options. More is likely to come.
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Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management.
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