Comment on Citi Said To Have Paid $13 Million To Brokers After Cancelling Corporate Trips, Perks

Citi Said To Have Paid $13 Million To Brokers After Cancelling Corporate Trips, Perks

According to Bloomberg, Citigroup paid 1,900 insurance brokers at its Primerica Financial Services unit a total of $5,000 each after it scrapped a trip to a Bahamas resort. Primerica paid the agents, who are independent contractors, because they won a seven-month-long sales contest, the company said. "We were legally obligated to do so," Susan Thomson, a Citi Holdings spokeswoman said.

 

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