Ex-Citigroup Chief Will Walk Away With Close To $100 Mil
Charles "Chuck" Prince, the deposed head of Citigroup, is in line to walk away from the Wall Street giant with a total pay, perks and shares payout worth just under $100 million, it has emerged.
The payout for Mr Prince, who stays on as a consultant until the end of the year, include a pro-rata cash "incentive award" currently estimated to be worth $12 million.
It also includes $10,716,469 in restricted share awards and $16,046,703 in stock options that will automatically vest at his departure.



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Times Online | Miles Costello | November 9, 2007 07:52 AM