Citigroup CEO Walks Off With $260 Million After His Bank Loses 88% Of Its Value

http://thinkprogress.org/economy/2012/10/16/1021701/pandit-260-million/

But while Pandit made off like a bandit, shareholders were not so lucky. Via Matt Yglesias, above is Citigroup’s stock performance since Pandit took over.

Overall, Citi lost 88 percent of its value under Pandit. Earlier this year, the Wall Street Journal dinged Pandit for having the pay package that was most detached from his company’s performance, as a three-year decline of 27 percent coincided with his making $43 million. The Dodd-Frank financial reform law gave shareholders the right to hold a non-binding vote on executive compensation, and Pandit was the first bank CEO to get tagged with a vote of disapproval.