Citigroup banker may get his $100 million


A compromise of sorts may be in the works to allow the head of the Citigroup (C) Phibro energy trading unit to keep his $100 million 2008 compensation. Andrew J. Hall says that he is owed the money under his contract.

According toThe Wall Street Journal, "The discussions include converting a substantial chunk of Mr. Hall's compensation for 2010 to equity from cash." That concession may make the Treasury Department, which is involved in compensation decisions at firms that still have TARP funds, to save face. Hall would be taking a risk in the future by not having all of his pay-out in the form of cash.