Citigroup to pay top executives in stock to dodge cash cap
Citi says raises for its top 25 will come as stock rather than cash to comply with federal limits while courting senior talent. Vikram Pandit keeps a $1 salary for now, with board signaling a large payout possible in 2011 as Citi remains partly government owned after a $45 billion bailout.
MENTIONED IN THIS ARTICLE
Citigroup
New York
Vikram Pandit
Citi
Charles Elson
Weinberg Center For
University of Delaware
Wall Street
Edward Skyler
U.S
Notable NBC Universal CEO to leave when Comcast takes over
NBC Universal chief Jeff Zucker will step down after Comcast takes control later this year. He told employees in an email on Friday that he set terms for his exit in the agreement, reflecting his rise from Today producer to chief executive of the media group.
MENTIONED IN THIS ARTICLE
Citi
Pandit
Richard Parsons
Vikram
Rolfe Kopelan
Capstone Partnership
Kopelan
NBC Universal
Comcast
Jeff Zucker
Zucker
Market snapshot Friday Leads with Indices and Commodities
Dow rose 197.84 to 10,860.26 while Nasdaq stood at 5,414 with 2,381.22. S&P 500 gained 23.84 to 1,148.67. Treasury 30 year yield at 3.79 percent. Corn at 22.5 cents to 5.22, soybeans 32.5 cents to 11.26, wheat 20 cents to 7.58. Oil traded up 1.31 to 76.49.
MENTIONED IN THIS ARTICLE
Dow Industrials
S&p 500
Treasury
Chicago
Kansas City
New York
Banks balk at $30B small business lending plan
Obama humanizes the $30 billion program targeting community banks to spur loans to small firms. Bankers resist, citing regulatory concerns and weak demand as NFIB findings show most small firms report adequate credit. The bill, passed by the House, awaits the president's signature.
MENTIONED IN THIS ARTICLE
New York
Barack Obama
House of Representatives
George LeMieux
Florida
William Chase Jr
Triumph Bank
Memphis
Chase
National Federation of Independent Business
NFIB
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Pallavi Gogoi
Associated Press
Eloctih
LawrenceParade
Home Builders Association
Journal-World
Lawrence.com
RTVG
Halloween
Gregg the
ICAL
Janis
Wash & Luberth & Kasold
Rudy’s
SALTY
Stan A
Rviveren
Halr
Brooke
Chembry
Rwnza
Tres Mexicanos
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