You are here

Citigroup shareholders endorse exec pay; nix breakup study

[NEW YORK] Citigroup Inc shareholders on Tuesday approved of the company's compensation of executives and also sided with directors in rejecting a call for a special study of breaking up the big bank.

In the so-called "say-on-pay" referendum, 63.6 per cent of votes were cast to approve 2015 compensation awards, according to a preliminary count announced by the company at its annual general meeting in Miami.

In another vote, only 3.5 per cent of votes cast were in favour of a breakup study.

REUTERS