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Citigroup CEO Vikram Pandit caught in lie

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Well Vikram Panidt lied to Congress what does that mean? Are there any consequences for lying to Congress?

"Citigroup Chief Executive Vikram Pandit received nearly $11 million of compensation in 2008. A month earlier, he testified to Congress that his compensation for 2008 was just $1 million."My compensation for the year 2008 was my salary, which was $1 million," he told the House Committee on Financial Services on February 11, failing to mention his sign-on and retention awards, as well as stock and option awards."

There’s more to read on Huffington Post.

Written by Jason Gooljar

March 16th, 2009 at 10:03 pm

Posted in Corporatism

Tagged with ,