Citi boosts base salaries for some senior employees
Citigroup Inc
CFO John Gerspach will receive a base salary of $500,000, up from its prior level of $400,000, while James Forese will receive $475,000, compared with $225,000.
The office of Kenneth Feinberg, the Obama administration's special master for Troubled Asset Relief Program executive compensation, approved the moves, Citigroup said.
Pandit will receive a base salary of $1 a year, unchanged from last year. Stephen Volk, vice chairman, will receive a base salary of $500,000, also unchanged.
(Reporting by Dan Wilchins; Editing by Richard Chang)
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