Citigroup Big pay raises

<p>Citigroup Inc. is increasing base salaries for many of its employees— reportedly by as much as 50 per cent for some workers — to get aroundnew restrictions on bonus payments. </p>

 

Citigroup Inc. is increasing base salaries for many of its employees — reportedly by as much as 50 per cent for some workers — to get around new restrictions on bonus payments.

 

Shifting the mix in compensation packages will allow Citi to pay most employees as much as they received in 2008 while adhering to bonus caps put in place because it received bailout loans.

 
 
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