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Bad Bosses: How Inept Execs Got Away With Mismanagement and Scandal In 2012
This article was written by David Schepp and originally appeared on AOL Jobs. Companies lay off vast numbers of workers with such depressing regularity that you may not have noticed the announcement. Last week Citigroup Inc. (NYSE:C) said it would lay off 11 000 workers worldwide citing a need to reduce expenses. Yet at the same time the company revealed that it gave top execs hefty "incentive awards " including $6.7 million to Vikram Pandit Citi's former CEO. The bank which disclosed the payment in a regulatory filing Friday also paid its former chief operating officer John Havens who left Citi ...
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