BY FROMA HARROP Lavishly paid executives have a new 1% number to ponder. It’s not about their perch on the top branch of U.S. incomes. It’s the lousy 1% rise in Citibank’s quarterly revenues, which helped prompt the bank’s stockholders to reject CEO Vikram Pandit’s $15 million pay package. That they were earning a meager 1-cent-a-share quarterly dividend did not improve their mood. A cornerstone of capitalism is that by richly rewarding successful managers who […]

Dreaming Of A New ‘Norm’ For Executive Pay
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