Citibank Is Reevaluating Employee Payment


Citigroup is apparently reevaluating its pay structure for employees, meaning Vikram et al. are trying to find a way to get around the executive pay caps placed on them by the government. According to Reuters, “A number of possibilities are under discussion, and generally are geared toward ensuring that employees are motivated to perform well.” Well, at least they generally seem to be getting the hang of this bailout thing. Finally, progress! [Reuters via NYT]