Wells Fargo, Bank of America may have reason to worry
(NEWSER) - Now that shareholders have rejected Citigroup CEO Vikram Pandit's $15 million pay package, all eyes are on Wells Fargo and Bank of America, both of which are holding their own "say on pay" votes in the coming weeks. The votes are required as part of post-financial crisis financial reform laws, and though negative votes have been cast before, Citigroup marks the first big bank to suffer one. "If it can happen at Citigroup it can happen anywhere, particularly at other big financial firms," an AFL-CIO director tells the Los Angeles Times . More»
