Phibro

Citigroup (C) superstar trader Andrew Hall is now Occidental Petroleum's (OXY) headache. Occidental today agreed to buy Phibro, the commodities trading operation that Hall headed, which has become an albatross around Citigroup's neck because of Hall's $100 million pay package. Neither company...

Andrew Hall is Citigroup's (C) $100 million man, but it's looking like the fat pay package he receives as head of its Phibro energy trading unit is making Citi CEO Vikram Pandit uncomfortable. Pandit's discomfort means that Citi will likely restructure Hall's business to stop questions that irk...

A compromise of sorts may be in the works to allow the head of the Citigroup (C) Phibro energy trading unit to keep his $100 million 2008 compensation. Andrew J. Hall says that he is owed the money under his contract. According to The Wall Street Journal, "The discussions include converting a...

Citigroup (NYSE:C) is concerned that the government will pressure it to reduce or eliminate a $100 million bonus that it apparently owes the head of its Phibro energy trading unit. The bank fears that the federal government's "pay czar" will try to make it cancel the compensation agreement. Andrew...

Americans have devoted $351 billion of their hard-earned tax dollars to bailing out Citigroup (C). No doubt if you hold a credit card with Citi and are paying 30 percent interest rates on your balance, you must be glad that Citi is still around to collect that interest. If you're like me and hold...