Citigroup (NYSE:C) said late Tuesday that it takes "seriously" the shareholder vote rejecting the bank's executive compensation plans, and that it will meet with some investors to understand their concerns.

Investors in the third-largest bank on Tuesday dealt a rare, if symbolic, blow by refusing to ratify Citigroup's executive-compensation proposal.  The vote was non-binding, but outgoing Citigroup chairman Richard Parsons on Tuesday called it "a serious matter."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.