Should Citi cancel Andrew Hall's $100 million pay and $400 million Mets deal?

Peter Cohan

Andrew Hall is Citigroup's (C) $100 million man, but it's looking like the fat pay package he receives as head of its Phibro energy trading unit is making Citi CEO Vikram Pandit uncomfortable. Pandit's discomfort means that Citi will likely restructure Hall's business to stop questions that irk Pandit.

What bothers me is that Pandit appears less embarrassed about pouring out $400 million of shareholder money to put Citi's name on the Mets' new stadium while his company holds $45 billion in Troubled Asset Relief Program (TARP) money, $306 billion in loan guarantees -- and posted a 2008 loss of $27.7 billion.