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Did Citigroup CEO Vikram Pandit lie to Congress about his compensation?

By Satyam Khanna  

"Did Citigroup CEO Vikram Pandit lie to Congress about his compensation?"

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As ThinkProgress noted, in February, bailed-out Citigroup CEO Vikram Pandit told a House committee that he received only $1 million in salary and “no bonus” in 2008:

PANDIT: My compensation was for the year 2008 was my salary, which was a million dollars. I received no bonus. And as I stated earlier, I plan to take a dollar per year salary and no bonus until we return to profitability.

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But Reuters reports today that Citigroup awarded Pandit “$10.82 million of compensation in 2008,” despite the bank accepting $45 billion in TARP funds. The package included a “$958,333 salary, $9.84 million of stock and option awards and $16,193 of other compensation,” according to an SEC filing. As of February, Citigroup still owned or was leasing a private jet.

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