Citigroup is planning to pay around 50% of 2010 employee bonuses in stock, Bloomberg reports. The New York-based bank had paid around 40% of its payout in shares last year to employees, including investment bankers and traders.
Citi’s 15 top executives, excluding CEO, Vikram Pandit, will share in almost $50 million worth of stock bonuses for last year. The percentage of stock awards is likely to vary among employees.
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