Citigroup trader insists on $100 million pay deal


The head of the energy trading unit at Citigroup (C) is due as much $100 million in 2009 as part of his deal with the bank. That deal appears to be based on a contract, so it is hard for the financial firm to just walk away.

According to an exclusive report in The Wall Street Journal, making any large payouts, even if they're based on previously agreed contracts, could subject Citigroup to political and investor fallout.