TIMESONLINE: Charles "Chuck" Prince, the deposed head of Citigroup, is in line to walk away from the Wall Street giant with a total pay, perks and shares payout worth just under $100 million, it has emerged.
The payout for Mr Prince, who stays on as a consultant until the end of the year, include a pro-rata cash "incentive award" currently estimated to be worth $12 million.
It also includes $10,716,469 in restricted share awards and $16,046,703 in stock options that will automatically vest at his departure.
Mr Prince, whose exit was sealed late last week, already owns 1.61 million shares in Citi, currently worth about $53 million. Ex-Citigroup chief to exit with almost $100m: Charles 'Chuck' Prince is expected to leave the bank with a $42m package on top of shares worth $53m By Miles Costello
Mark Alexander
