Vikram pandit

Profits at big U.S. companies broke records last year, and so did pay for CEOs. The head of a typical public company made $9.6 million in 2011, according to an analysis by the AP using data from Equilar, an executive pay research firm.

Given the sluggish recovery and a strapped consumer, you'd expect to see corporate America trudging along, not racing for glory. In fact, the Fortune 500 are thriving as a group.

Wall Street's bad bonus year did not extend to Citigroup's c-suite. CEO Vikram Pandit, who said he'd take a salary of $1 until Citi returned to profitability, pulled in nearly $14.9 million this year, and his fellow top officers took home big raises too.

Citigroup on Wednesday announced the promotion of John Havens, the head of its Institutional Clients Group, to president and chief operating officer. The move is designed to make the financial behemoth nimbler by cutting the number of executives who report directly to CEO Vikram Pandit.

Citigroup Inc. (C) will pay five of its top executives almost $33 million in stock compensation this year and plans to increase its CEO's salary above his $1 a year figure in 2011, marking the financial institution's effort to reward executives for turning a profit so far this year after two years of losses.

This week marks the second anniversary of an event that shook the financial industry to its core. In her newly released book, The Weekend that Changed Wall Street, CNBC anchor Maria Bartiromo gives an insider's look at the fateful days surrounding the fall of Lehman Brothers.

Attempting to set a socially-responsible tone, the organizers of the World Economic Forum in Davos, Switzerland have announced that participants cannot use limousines, SUVs, or other gas guzzlers at the conference. Unless they happen to be government leaders. Or regular government officials. And,...

When it comes to Citigroup these days, the outlook is usually glum. Wall Street expects a loss when the beleaguered global bank reports its fourth-quarter results on Tuesday. What could raise investors' spirits, however, is any sign that the complex bank is starting to get its house in order.

Corporate dealmaking, securities trading and stock and bond underwriting have powered Wall Street's earnings this year, and that's bad news for Citigroup (C), some analysts say. Citi posted a $101 million profit in the third quarter, excluding dividends on preferred stock and costs related to a...

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...