DAVOS: Bartiromo Talks With Citigroup CEO Vikram Pandit (VIDEO)

Video:  Maria Bartiromo with Citigroup CEO Vikram Pandit -- January 29, 2010

Pandit doesn't mention his own hedge fund sold to Citigroup back in 2006.  If memory serves, he pocketed $800 million and 12 months later the fund was shuttered for a total loss.  In other words, taxpayers essentially paid for Citi's ridiculous purchase, and Pandit took home almost a billion dollars.

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(Just a screenshot...video is above)

Comments

[RecoverylessRecovery]

"Pandit doesn't mention his own hedge fund sold to Citigroup back in 2006. If memory serves, he pocketed $800 million and 12 months later the fund was shuttered for a total loss. In other words, taxpayers essentially paid for Citi's ridiculous purchase, and Pandit took home almost a billion dollars"

Memory serves. You must be on Ginko ;-)
In 2008, he earned a total compensation of $38,237,437, which included a base salary of $958,333, stocks granted of $28,830,000, and options granted of $8,432,911.
On February 11, 2009, Pandit testified to Congress that he had declared to his board of directors, "my salary should be $1 per year with no bonus until we return to profitability," ...after having received $10.82 million in 2008.
Pandit lives in an $18 million apartment on the UES ('upper east side' for you neophyte hicks).

More trivia; I believe his name in Sanskrit means, "He who would fuck his own mother during cremation"

Loosely translated of course.

[RecoverylessRecovery]

One thing you gotta hand to these banksters; they're TRULY equal-opportunity employers. Lucky fuckster.

I mean normally a SHIITY THIEF like this Panda guy with his surely equally-shitty karma would have mandated reincarnating as a 7 Eleven clerk, cab driver or overseas tech support AT BEST.

FUCK now I'm thinking even KARMA is COMPROMISED.

[DailyBail]

http://nymag.com/daily/intel/2008/06/vikram.html

here's the link...it was sold to citi for $800 million...and then closed 18 months later...