The FINANCIAL - Citi Files Disclosure Regarding 2010 Compensation - "Stock Salary" stays even though it's no longer required.
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The FINANCIAL -- The Personnel and Compensation Committee of the Board of Directors of Citigroup Inc. has decided to grant "stock salary" to the company's top 25, consisting of Proxy Officers and the top 20 highest compensated employees. The "stock salary" construct was originally developed by former Special Master Kenneth R. Feinberg in response to the Dodd Amendment to the Emergency Economic Stabilization Act of 2008. Although Citi is no longer subject to the Special Master's determinations, the Committee decided to grant "stock salary" again this year.http://bit.ly/cLW1BK
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