Citigroup reported today that the bank's embattled CEO, Vikram Pandit, earned a total of $38.2 million in compensation in 2008. Outrageous? Not so much. The bulk of his pay package was in stock, which means if you adjust for Citi's under-$2 stock price, it comes out to about $2.9 million. The good news for Vik: He already took Citi to the cleaners in 2007 when he sold his underperforming hedge fund to the bank for $800 million, so he shouldn't have any difficulty paying off the balance on his Citibank Mastercard this month. [WSJ, NYT]
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