Vikram Pandit, the chief executive officer of Citigroup, received a total of $3.2 million, of which $2.9 million was in stock awards, as compensation for 2007.
However, some media reports say that the India-born Citigroup boss received nearly $216 million for taking over as Citi CEO.
According to a report published in The New York Times, Pandit received about $165.2 million in connection with the sale of Old Lane Partners, a hedge fund co-founded by him. The hedge fund was bought by Citigroup for about $800 million in April last year.
Since he was a teenager, Vikram Pandit, now 50, is said to have been always focused on reaching the top. The Nagpur-born Pandit is the first Indian American to be at the helm of a mammoth Fortune 500 company that ranked 8th on the list of 2007 Fortune 500.
Image: Citigroup CEO Vikram Pandit. | Photograph: Jay Mandal, On Assignment
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