{"id":184481,"date":"2012-04-17T18:28:00","date_gmt":"2012-04-17T23:28:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2012\/04\/17\/vikram-pandit-f-you\/"},"modified":"2012-04-17T18:28:00","modified_gmt":"2012-04-17T23:28:00","slug":"vikram-pandit-f-you","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2012\/04\/17\/vikram-pandit-f-you\/","title":{"rendered":"Vikram Pandit, F%$# You"},"content":{"rendered":"
<\/param><\/param><\/param><\/embed><\/object>
What Cee Lo Green Said (NSFW)<\/span><\/div>\n

At the Bank of America’s annual meeting,; shareholders voted down Vikram Pandit’s pay package<\/a>:<\/p>\n

In a stinging rebuke, Citigroup shareholders rebuffed on Tuesday the bank\u2019s $15 million pay package for its chief executive, Vikram S. Pandit, marking the first time that stock owners have united in opposition to outsized compensation at a financial giant.<\/p>\n

The shareholder vote, which comes amid a rising national debate over income inequality, suggests that anger over pay for chief executives has spread from Occupy Wall Street to wealthy institutional investors like pension fund and mutual fund managers. About 55 percent of the shareholders voting were against the plan, which laid out compensation for the bank\u2019s five top executives, including Mr. Pandit.<\/p>\n

\u201cC.E.O.\u2019s deserve good pay but there\u2019s good pay and there\u2019s obscene pay,\u201d said Brian Wenzinger, a principal at Aronson Johnson Ortiz, a Philadelphia money management company that voted against the pay package. Mr. Wenzinger\u2019s firm owns more than 5 million shares of Citigroup.<\/p><\/blockquote>\n

Capitalism is a bitch, ain’t it, Mr. Pandit? <\/p>\n

We need a lot<\/b> more of this.<\/p>\n

 In the meantime, I’ll just enjoy the feeling of amusement.<\/p>\n","protected":false},"excerpt":{"rendered":"

What Cee Lo Green Said (NSFW) At the Bank of America’s annual meeting,; shareholders voted down Vikram Pandit’s pay package: In a stinging rebuke, Citigroup shareholders rebuffed on Tuesday the bank\u2019s $15 million pay package for its chief executive, Vikram S. Pandit, marking the first time that stock owners have united in opposition to outsized …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,1019],"tags":[],"class_list":["post-184481","post","type-post","status-publish","format-standard","hentry","category-finance","category-schadenfreude"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/184481"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=184481"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/184481\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=184481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=184481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=184481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}