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whatif_3 · 07-28-2009, 01:03 PM

NEW YORK (Reuters) - Phibro LLC, the energy trading arm of beleaguered bank Citigroup, was mum Tuesday after the White House criticized a reported $100 million pay plan for its top trader Andrew Hall as "out of whack."

The Wall Street Journal reported on Saturday that Phibro's Hall, a trader known for huge long-term punts in the oil market as well as for his vast and eclectic art collection, was pressing the company to honor a 2009 pay package amounting to about $100 million despite Citigroup's financial woes.

White House spokesman Robert Gibbs said on Monday "one could easily come to the conclusion that that's probably a bit out of whack on any pay scale."

http://www.reuters.com/article/newsO...56R43X20090728

07-28-2009, 01:03 PM
whatif_3 Registered User Join Date: Jul 2004 Location: Canada Posts: 459	whitehouse doesnt want to pay 1 citigroup employee 100 million NEW YORK (Reuters) - Phibro LLC, the energy trading arm of beleaguered bank Citigroup, was mum Tuesday after the White House criticized a reported $100 million pay plan for its top trader Andrew Hall as "out of whack." The Wall Street Journal reported on Saturday that Phibro's Hall, a trader known for huge long-term punts in the oil market as well as for his vast and eclectic art collection, was pressing the company to honor a 2009 pay package amounting to about $100 million despite Citigroup's financial woes. White House spokesman Robert Gibbs said on Monday "one could easily come to the conclusion that that's probably a bit out of whack on any pay scale." http://www.reuters.com/article/newsO...56R43X20090728 Last edited by whatif_3; 07-28-2009 at 01:04 PM..