Published: Nov. 7, 2009 at 8:22 AM NEW YORK, Nov. 7 (UPI) -- The giant U.S. bank Citigroup says it is distributing stock options to its employees in a bid keep them on board at the bailed-out institution. An estimated... [read full story]
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The giant U.S. bank Citigroup (NYSE:C) says it is distributing stock options to its employees in a bid keep them on board at the bailed-out institution. An estimated one-quarter of its workers, about 75,000 employees, would be...
Over the weekend, the New York Times had an interesting article about compensation for Wall Street bankers. The article explained how, due to criticism from the public and from Congress, banks shifted employee comp away from...
Even as Washington tries to rein in Wall Street pay, bankers are likely to make unusually large gains on the stock grants and options they received after shares in their companies fell sharply during the financial meltdown.
Hoping to encourage bankers and managers to stay, Citigroup has begun dispensing several million stock options to more than a quarter of its workers in a way that could result in a sizable gain for them.
Even as Washington tries to rein in Wall Street pay, bankers are likely to make unusually large gains on the stock grants and options they got after shares in their companies fell sharply in the financial meltdown. As banks cut...
