Especially deserving.  Chief executive Vicram Pandit was paid $216M overall in the last year.  Performance based?  Um, no.  Citigroup was among the top most stupid deal making banks in the subprime mortgage fraud that stripped away the patina of credibility in our trade-devastated economy.  And Citigroup had to beg Saudi Prince Alwaleed bin Talal to buy a chunk of it to prop it up.

But Patina deserves the money.  Its his piggy bank.  He's entitled to it.  I had some money in Citigroup, and it certainly was not my piggy bank.  My money is now elsewhere.

“It just looks funny. When you start making these retention grants, you have to wonder whether it is prudent or not,” said David M. Schmidt, a compensation consultant at James F. Reda & Associates. “It’s not clear that these were necessary to keep them in place.”

Yup. Looks funny. Might not be "prudent."

$216M.  That's the salary of 4,320 people at $50,000 each.  Assuming those 4,320 people are heads of household in, say, Western Pennsylvania, 17,280 people (family of four each) could have made better use of the money than Pandit did.

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