> > Feb. 11 (Bloomberg) -- Citigroup Inc. Chief Executive Officer Vikram Pandit > said he will take a salary of $1 and no bonus until the bank, which has > accepted $45 billion in government bailout money, returns to profitability. > > Pandit, 52, said taxpayers were right to expect a return for their > investment, adding that the New York-based bank will pay $3.4 billion in > annual dividends on the debt. > > "I get the new reality and I will make sure Citi gets it as well," Pandit > said during his testimony before the U.S. House Financial Services Committee > today. > > Pandit and seven bank CEOs were summoned to Washington to account for how > they have used money from the government's Troubled Asset Relief Program. > -- http://www.bloomberg.com/apps/news?pid=20601087&sid=aph5ao14SgMM&refer=home
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