Citigroup Says Two Traders Exempt From Pay Review

It cited "people involved in that process" who said Citigroup told the U.S. Treasury Department that energy trader Andrew J. Hall, with a pay package of $98 million, and a second unidentified trader who was paid more than $30 million, were exempt from review.

A source close to the bank told Reuters Wednesday that Hall's contract will be exempt from review because it was signed before a cut-off date of Feb. 11, 2009.

But another source familiar with the matter said federal pay czar Kenneth Feinberg, the U.S. official responsible for setting pay for top executives at finance firms that received billions of dollars in government aid, will have flexibility in applying his authority on a case-by-case basis.

http://www.cnbc.com/id/32430897

Citigroup Says Two Traders Exempt From Pay Review

Citigroup Says Two Traders Exempt From Pay Review

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