Disregarding all the monumental fuck ups that Vikram Pandit, was responsible for as CEO of “Too Big To Fail” Citigroup, my heart bleeds for the poor fucktard. ‘cos he stands to forfeit almost $33 million in cash and stock from a retention package unless the board gives him a payout to ease his exit. Until you realize that Citigroup’s shareholders will have paid the incompetent douchenozzle $261 million in compensation in the five years since he became CEO, this including personal compensation and $165 million for the 2007 purchase of his Old Lane Partners LP hedge fund in a deal that positioned him to take charge of the company. Pandit shut Old Lane and booked a $202 million writedown soon after he took the post. You really have to take your hat of to these people. They pay him a shitload of money for his company, which he then closes down, sticking his new company with the debt. I’m sorry, I don’t understand this shit. I’ll stick to advertising. That’s crooked enough for me.
I took my money and fucked off!