Why are they still there at all? And the same goes for almost any CEO at almost any company that drove into the ditch and took the nation with it.
“Citigroup Inc.’s chairman and chief executive won’t receive bonuses for 2008, as part of a series of moves the company announced Wednesday as it formalized its bailout agreement with the U.S. government [$45 billion]…
“The New York company has received more government aid than many of its rivals, and the terms of the latest rescue package, disclosed in a securities filing Wednesday, are the latest sign that the Treasury Department is seeking to exert sway over the internal Citigroup operations…
“Terms of the latest capital infusion require Citigroup to award at least 60% of any 2008 bonuses to top executives in the form of deferred stock or cash…”
