Wall Street compensation has come under intense scrutiny recently, particularly at banks that have received government bailouts. Pandit was awarded an amount similar to the $9.9 million that Bank of America awarded to its CEO, Kenneth Lewis.
Pandit did not receive a regular bonus for 2008. He has said he will accept no incentive pay and will accept base annual pay of $1 until Citigroup returns to profitability.
(Reporting by Dan Wilchins and Jonathan Stempel; editing by John Wallace)