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Citigroup 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.
April 18 -
Citigroup's shareholders have latched onto what was formerly a radical idea. Namely, that CEOs like Vikram Pandit should receive gigantic pay packages tied to performance only after they've actually performed. Wall Street bosses beware.
April 18 -
Citigroup chief executive Vikram Pandit has not spoken with Occupy Wall Street protestors, bank officials said on Monday, even though he offered to talk "anytime" and Gawker later published his cellphone number.
October 17
Occupy Wall Street's Alternative Banking Group doesn't like to be kept waiting.
The group posted a
"Your shareholders recently asked you, as CEO of Citigroup, to
The website says a copy of the letter was emailed to Pandit on Wednesday, but that the group hasn't received a response.
Citigroup spokeswoman Shannon Bell declined to comment on the letter.
A very public conversation between Occupiers and Citigroup's top executive erupted in October at the height of the protests, after Pandit
In its latest letter, the Alternative Banking Group says in late February it accepted Pandit's offer to meet, and that on March 7 Pandit's assistant said the bank would be back in touch shortly. (One complicating factor: the group wanted to bring a camera crew.)
"We have yet to hear from you. We trust that you will keep your word and respond to us now," the letter says. "This is a historical moment. Let us seize it together."
