vikram pandit

Banking giant Citigroup Inc. announced Wednesday that the bank would cut around 4,500 jobs in the coming quarters as Chief Executive Officer Vikram Pandit attempts to slash costs in the middle of a trying economic environment for Wall Street.

Citi’s CEO Vikram Pandit’s salary is only $1, but he’s set to receive a pay raise for 2011.

Banking giant Citigroup Inc. announced Wednesday that the bank would cut around 4,500 jobs in the coming quarters as Chief Executive Officer Vikram Pandit attempts to slash costs in the middle of a trying economic environment for Wall Street.

Citi’s CEO Vikram Pandit’s salary is only $1, but he’s set to receive a pay raise for 2011.