Citi may give in to $100 million man


Citigroup (C) seems to owe the head of its Phibro energy trading unit $100 million in compensation. The federal government's pay czar may try to negate the payment. The public looks at the deal as another example of excessive Wall Street pay.

According to an exclusive report in The New York Times, Citi is looking at several options to solve its problem about honoring its pay package to Andrew J. Hall. The paper reports that high on the list "is a deal that would give control of the unit to Mr. Hall."