Vikram Pandit, CEO Citi Group is going to draw only a salary of $1 and no bonuses until he brings the group back to profitability. Read this interesting news in ET today.
I am impressed. A great step, mark of a leader who wants to set an example.
Ya, I agree it comes after Obama let his anger out at CEOs of bailed out companies in the US. But, atleast it has come! Atleast somebody is picking up the gauntlet.
Wish Mr. Pandit all the best.
Friday, February 13, 2009
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