Friday, September 18, 2009

Pandit says 100 million too much

The saga of Mr. Hall continues to haunt Uncle Vik. He has now gone on record to say that 100 million is too much to pay any banker. This statement elicited a murmur from Citi employees. As I have mentioned previously on this blog Citi is trying to spin off Phibro so that the headache of paying Mr. Hall, its star commodities trader, will go away. Until then it is more sleepless nights for the CEO of the bank that "never sleeps."

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