Citi CEO told Congress his compensation was $1 mil, but filing shows $10.8 mil

[deminks]

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

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.

Video at the link.

[Deja Q]

1. Liar, liar, yet the pants aren't on fire?

And with all those options he's already collected on, PAYING $1 per year to retain the position he abused wouldn't hurt him in any way either.

[virgogal]

2. How on earth could he SURVIVE on a million a year?

It's a puzzlement!

Sarcasm off.

[old guy]

3. These people watched the * administration and corporate media

tell lie after lie on a daily basis with no consequences, so why not do the same? It worked for them and will work for these crooks too.

[aquart]

4. Any chance he said it under oath?