Top Citi Executives to Forgo 2008 Bonuses, Reports State
January 05, 2009 at 10:41 AM EST
Citigroup Inc. ( C ) Chief Executive Officer Vikram Pandit and Chairman Winfried Bischoff will forgo 2008 bonuses after the bank lost three-quarters of its market value and got a $45 billion U.S. bailout, Pandit said in a memo to employees. Robert E. Rubin ,…