feinberg

New Citigroup Hire Lands $30 Million Pay Deal

Citigroup%u2019s (C) newest energy banker Stephen Trauber could take home as much as $30 million over three years as part of his juicy new pay package with the bank. Trauber, whom Citigroup poached from Swiss bank UBS (UBS), landed himself the deal just months after pay czar Kenneth Feinberg ended his oversight of Citigroup%u2019s pay practices, The Wall Street Journal said. The U.S. taxpayer still owned 17.5% of Citigroup as of July.

Despite Bailout, Some Citi Execs Earned Millions in '09

Even though it's still on life support from the federal government, Citigroup paid close to $9 million each to five top executives in 2009. But not much of it was in cash -- the compensation was primarily in shares of restricted stock which can't be sold immediately.