Vikram Pandit was the CEO of Citigroup from 2007 to 2012, a time marked by the financial crisis. He stepped into a tough situation, taking the role right in the middle of a chaotic market, and he made some bold...
Vikram Pandit was the CEO of Citigroup from 2007 to 2012, a time marked by the financial crisis. He stepped into a tough situation, taking the role right in the middle of a chaotic market, and he made some bold moves to keep the company afloat. Notably, when he started as CEO, he only took a salary of $1 a year until Citigroup returned to profitability. By the time he left in 2012, his total compensation reported was around $8.4 million, a mix of salary and bonuses, which reflected Citi's recovery efforts. Pandit had a significant stock presence in Citigroup, with over 581,000 shares at one point, and his wealth fluctuated from a high of $46 million to a low of $23 million in recent years. His leadership focused on aligning executive pay with long-term company performance and improving risk management. Even after he stepped down, Vikram continued to be a prominent figure in the finance industry, showing that his influence extends beyond just his time as CEO.