Citigroup Board Faces Challenges After Shareholder Say-on-Pay Vote

As the media have reported recently, the shareholders of Citigroup rejected CEO Vikram Pandit’s $14.9 million compensation package at Citigroup’s 2012 annual meeting.  The vote was required as a result of the amendments to the federal securities laws implemented by the Dodd-Frank Act of 2010, which require public companies to hold advisory shareholder votes to […]