Oops Caught in the CITI

[malaise]

http://www.huffingtonpost.com/2009/03/16/pandit-1-payment-is-more_n_175397.html
<snip>
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.

At the same hearing, Pandit pledged to accept a salary of just $1 a year and no bonus until Citibank once again posted a profit.

The $10.82 million in total compensation for 2008 consisted of $7.73 million in sign-on and retention awards, a $958,333 salary, $9.84 million of stock and option awards and $16,193 of other compensation.
---
EPIC Fail Vikram Pandit. Liars must have good memories.

[deminks]

1. All the attention is on AIG. Here is an outright lie to Congress.

and nothing will be done. All the subpoenas are AIG's. They will subpoena, and subpoena and write letters back and forth and nothing more.

Thanks for posting. I tried to post last night but didn't get much attention.

K&R.

[ejpoeta]

2. i guess the media thinks people can only be outraged at one thing at a time.

you know, isn't there some thing about lying to congress?? I wonder why no one seems too concerned about what will happen if they lie to congress. I mean, there is nothing to tell them that they will be in big trouble.... like people getting arrested or anything for lying. It really makes me sick to see the congress not doing what it needs to do to ensure that people are taking them seriously.

[Historic NY]

3. did he lie under oath?

[malaise]

4. Haven't been able to find out about that yet

Interesting clip
http://www.blinkx.com/video/alan-grayson-on-the-worst-deal-since-manhattan-was-sold-for-24-in-trinkets/KHjNdzNmGWE2KJI3NgHATg