C » Topics » No 2008 Current Cash Bonus Awards

This excerpt taken from the C DEF 14A filed Mar 20, 2009.
No 2008 Current Cash Bonus Awards
 
For a complete understanding of actions taken by the committee with respect to compensation awards for 2008, please see the Awards made by the Committee section of the Compensation Discussion and Analysis.
 
As described previously in the cd&a on p. 38, the committee decided not to make current cash awards to any of the named executive officers. The following table shows the awards made by the committee which are required to be reported as “Bonus” in the Summary Compensation Table:
 
                 
    Current
   
    Cash
  Deferred Cash
Name   Award   Retention Awards
 
 
Vikram Pandit
  $ 0     $ 0  
Gary Crittenden
  $ 0     $ 0  
Ajaypal Banga
  $ 0     $ 3,600,000  
James Forese
  $ 0     $ 5,265,000  
Stephen Volk
  $ 0     $ 3,600,000  
 
Following are the compensation tables required by sec regulations.
 
The following tables show Citi’s compensation for any person serving as Chief Executive Officer or Chief Financial Officer during 2008 and Citi’s three other most highly compensated executive officers. The form of the tables is set by sec regulations and reflects accounting charges for awards made in prior years.
 
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