Citigroup Shareholders Snub Execs On Pay

msnbc.com: Top msnbc.com headlines, NBC News
Wed, 04/18/2012 - 4:37am

Vikram Pandit

Shareholders of Citigroup rejected a board-approved pay package for CEO Vikram Pandit and other top executives, sending a loud and clear message that executive compensation needs to be tied to performance, or else.

Senh: Nice. That's how it should be done. What message are companies sending to their executives when they raises and bonuses even if the company's not doing well.

NEXT
Sections:  news   business   
RELATED ARTICLES
  • Real 'Fault in Our Stars' couple reunited by hope
    Katie and Dalton Prager, a young couple who both have cystic fibrosis, celebrated happy news when they reunited Tuesday afternoon after nearly five months apart: Katie is on her way to getting a lifesaving lung transplant. More
  • ‘Unimaginable’: Man killed when headstone falls at mother-in-law’s gravesite
    A 74-year-old Pennsylvania man died this week after a headstone fell on him while he was at a relative’s grave. Stephen Woytack was decorating his mother-in-law’s grave for Easter on Monday when the stone toppled, reported ABC affiliate WNEP. More
  • Whole Foods mixes up chicken, vegan salads
    Whole Foods Market Inc. said Thursday that labels on a chicken salad and those on a vegan version of the salad were reversed at some of its cold food bars in the Northeast. More
  • Ford shareholders reject stock proposal
    Ford Motor Co. shareholders are again rejecting a proposal to dilute the Ford family's control over the company. At its annual meeting in Wilmington, Del., Thursday, Ford said 67 percent of shareholders voted against the proposal to make each Ford share worth one vote. More
  • Unemployment falls to 7.5%; job creation solid in April
    The job market plugged along steadily, and unemployment fell in April, according to new data out Friday, suggesting that the U.S. economy is still expanding. The nation added 165,000 jobs in April as the unemployment rate fell to 7.5 percent, from 7.6 percent in March, the Labor Department said on Friday. More

 

Comment On This Story

NEXT
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

Movies With Butter More Movie News

More Business News

  • Bluesky reacts to Matt Gaetz withdrawal as Trumps attorney general nominee
    Mashable, Thursday - 11/21/2024 - 03:42 PM

    Bluesky had one of its first major moments on Thursday, as former Florida Rep. Matt Gaetz withdrew his nomination as President-elect Donald Trump's pick for attorney general. The left-leaning social media platform responded in full force — with a flood of jokes and commentary. This marked the first big news event for Bluesky's growing community to rally around since Trump's election victory, which had spurred a surge of new users to the platform. SEE ALSO: As Bluesky surpasses 20 million users, beware the fake accounts In case you missed it, the news itself wasn’t exactly a surprise.

    More | Talk | Read It Later | Share
  • Microsoft displays full-screen Copilot+ PC ads to Windows 10 users
    Mashable, Thursday - 11/21/2024 - 03:07 PM

    If you're using the free version of Windows 10, Microsoft really wants you to upgrade. Some users are getting full-screen pop-up ads encouraging them to buy Copilot+ PC and upgrade to Windows 11."With support for Windows 10 ending on October 14, 2025, rest assured we have you covered," the pop-up ad reads.

    More | Talk | Read It Later | Share
  • Elio trailer: Pixar goes full alien abduction mode
    Mashable, Thursday - 11/21/2024 - 02:39 PM

    The trailer for Pixar's upcoming Elio is here to take us on an intergalactic adventure. SEE ALSO: A complete ranking of every Pixar movie ever The film centers on a space fanatic named Elio (Yonas Kibreab), who desperately wants to be abducted by aliens. Why? He has a mole in the exact shape of the Orion Nebula, so that has to be a sign.

    More | Talk | Read It Later | Share
  • OpenAI accidentally deleted potential evidence in New York Times copyright lawsuit case
    Mashable, Thursday - 11/21/2024 - 01:18 PM

    OpenAI may have accidentally deleted important data related to its ongoing copyright lawsuit brought by the New York Times. First reported by TechCrunch, counsel for the Times and its co-plaintiff Daily News sent a letter to the judge overseeing the case, detailing how "an entire week’s worth of its experts' and lawyers' work" was "irretrievably lost." OpenAI had provided the plaintiffs with two dedicated virtual machines for researching alleged instances of copyright infringement.

    More | Talk | Read It Later | Share
  • The Google Nest Doorbell is so close to half off during Amazons Black Friday sale
    Mashable, Thursday - 11/21/2024 - 12:57 PM

    SAVE 46%: The Google Nest Video Doorbell (Wired, 2nd Gen, Snow) is just $98 during the Amazon Black Friday event, down from the typical price of $179.99. That's a savings of $81.99 and the best price we've seen at Amazon. Opens in a new window Credit: Google Google Nest Video Doorbell (Wired, 2nd Gen, Snow) $98.00 at Amazon $179.99 Save $81.99 Get Deal Ready or not, it's time to shop for the holidays.

    More | Talk | Read It Later | Share
  • Digital wallets, Apple Pay to face greater government scrutiny
    Mashable, Thursday - 11/21/2024 - 12:53 PM

    Digital wallets and payment apps — like Apple Pay, Google Pay, Venmo, and PayPal — are facing stronger regulations under the U. S. Consumer Financial Protection Bureau (CFPB), the nation's bank and financial service watchdog. Through a new rule passed Thursday, the agency will have the power to supervise the behavior and policies of nonbank companies offering digital funds transfer and payment wallet apps —recategorizing these processors and their Big Tech owners under similar rules to banking institutions.

    More | Talk | Read It Later | Share