Forget $1, Pandit Got $10.8 Million In 2008

What? Here we thought Vikram Pandit basically got no pay in 2008, dutifully falling on his sword while the shareholders suffers for the sins of prior CEOs.

Nope.

The guy got $10.8 million in 2008, which was comprised of just under $1 million in base pay, $8.2 million in stock awards and $1.6 million in stock options. To be fair, much of this was signing bonuses for his first full-year in office.

Presumably unrelated to this, Citigroup (C) shares are up about 40% today to about $2.50.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.