Citigroup CEO Pandit to Get $80M From Old Lane Sale

Citigroup CEO Pandit to Get $80M From Old Lane Sale Play

July 1 (Bloomberg) -- Citigroup Inc. Chief Executive Officer Vikram Pandit, who took a $1 salary after his bank received the most taxpayer assistance of any U.S. lender, is poised to collect $80 million from other payments and awards that may eventually total more than $200 million. Pandit will get the $80 million from Citigroup’s purchase of his Old Lane Partners LP hedge fund, according to regulatory filings. Deirdre Bolton reports in today's Movers and Shakers on Bloomberg Television's "InsideTrack." (Source: Bloomberg)

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