Citigroup Lays Out Plans To Overhaul Compensation
Citigroup (C ) said Wednesday its issuing $20 billion of its perpetual preferred stock to the U.S. Treasury Department as part of the Troubled Asset Relief Program. n addition to the issuance of stock Citigroup agreed to a new compensation plan for its executives.<img src="http://feedproxy.google.com/~r/foxbusiness/latest/~4/XdVcePPyXqs" height="1" width="1"/><img src="http://feedproxy.google.com/~r/foxnews/business/~4/Yxb31FrZJ8A" height="1" width="1"/>
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