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via Reuters, The Huffington Post Days after being rebuked by shareholders, Citigroup Inc Chief Executive Vikram Pandit and the bank’s directors have been sued for allegedly awarding outsized pay to top executives. The complaint filed Thursday in Manhattan federal court accuses directors of breaching their fiduciary duties by awarding more than $54 million of compensation … Continue reading
via David Carr, The New York Times Almost two weeks ago, USA Today put its finger on why the Occupy Wall Street protests continued to gain traction. “The bonus system has gone beyond a means of rewarding talent and is now Wall Street’s primary business,” the newspaper editorial stated, adding: “Institutions take huge gambles because the short-term returns … Continue reading
The Brandt Standard 