hypocritexposer
Well-known member
Citi intends to raise employees' base pay: report
Tue Jun 23, 2009 11:55pm EDT
(Reuters) - Citigroup Inc intends to raise employees' base salaries by as much as 50 percent this year to offset smaller annual bonuses, the New York Times said, citing people with direct knowledge of the plan.
With an eye on retaining employees and neutralizing a drop in the value of their stock holdings, Citi also plans to award millions of new stock options to employees, according to the paper.
http://www.reuters.com/article/newsOne/idUSTRE55N0KP20090624