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Vikram S. Pandit

Self Description

Third-Party Descriptions

June 2009: "Senior officials said they will install Washington attorney Kenneth R. Feinberg with the power to determine compensation, including retirement packages, of senior executives at seven firms that have received massive federal bailouts, such as Citigroup chief executive Vikram S. Pandit, Bank of America's Kenneth D. Lewis and Fritz Henderson of General Motors."

January 2009: '...Citigroup agreed to support legislation that would let bankruptcy judges adjust mortgages for at-risk borrowers....“Citi shares this legislation’s goal to help distressed borrowers stay in their homes, and believes it will serve as an additional tool to the extensive home retention programs currently in place to help at-risk borrowers,” Vikram S. Pandit, the chief executive of Citigroup...'


RoleNameTypeLast Updated
Organization Head/Leader (past or present) Citibank Organization Jan 9, 2009

Articles and Resources

Date Resource Read it at:
Jun 11, 2009 U.S. Targets Excessive Pay for Top Executives: Compensation Czar To Oversee Firms At Heart of Crisis

QUOTE: Lawmakers who approved the government's $700 billion bailout for the financial system last fall worried that taxpayers would end up financing the lavish lifestyles of top Wall Street executives....Treasury Secretary Timothy F. Geithner said yesterday that the administration is not interested in "capping pay" or "setting forth precise prescriptions for how companies should set compensation." Instead, he said, the government wants to rein in pay practices that motivated executives to take excessive risks in pursuit of profit.

Washington Post
Jan 08, 2009 Citi Reaches Deal With Lawmakers on Home Loans

QUOTE: In a move that would help troubled homeowners, Citigroup agreed to support legislation that would let bankruptcy judges adjust mortgages for at-risk borrowers....Financial industry lobbyists, however, said the plan was flawed and vowed to fight legislation aimed at easing up on homeowners facing foreclosure.

New York Times