Citigroup shareholders have voted down the bank’s $15 million pay package for its chief executive, Vikram Pandit. It’s the first time that stock owners have united in opposition to outsized compensation at a major bank. Is this a new era of bank backlash? Eleanor Bloxham is the CEO of The Value Alliance, a board advisory firm, and Peter Morici is a macroeconomist and professor of international business at the University of Maryland. He is also the author of several books, including “Antitrust in the Global Trading System.”
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