Citi Ties Bonus to Profits
February 22, 2011 at 11:47 AM EST
Citigroup Inc. (C) devised a new compensation plan for its executives tied to the company’s profits in its core business in the upcoming years. Under the plan, executives would receive cash bonus as a specified percentage of the cumulative pre-tax income of Citicorp, its portfolio of core business, for 2011 and 2012. According to the [...]
