Will a Wild Week for Citigroup Inc. (C) End on a Happy Note?

Another pay package fiasco?
Citi had its own compensation package announcement as well, and this may have really rubbed investors the wrong way. After the stockholder rebellion regarding former CEO Vikram Pandit’s pay last year, Citi’s board announced yesterday that it will now more closely tie compensation to performance.

This is a good thing, but then came the body blow: New CEO Michael Corbat made $11.5 million in 2012, just about the same as JPMorgan Chase & Co. (NYSE:JPM)‘s Jamie Dimon. Of course, Mr. Dimon’s pay was cut because of the London Whale mess, but, as The Wall Street Journal points out, his bank still produced a net income of more than $21 billion last year. For Citi, that number was more like $7.5 billion. Were investors annoyed despite the new compensation formula to be used going forward? Perhaps. We’ll know more about that issue, no doubt, when Citi commences its annual meeting this spring.

For one week, this was an unusual amount of news for one company. As Foolish, long-term investors, we of course realize the need to keep the one-day jumps and even the weekly movements of a stock in perspective. Socks have good days and bad days, so it’s important to realize that stepping back and taking a look at the big picture is paramount for good investing mojo.

The article Will a Wild Week for Citigroup End on a Happy Note? originally appeared on Fool.com and is written by Amanda Alix.

Fool contributor Amanda Alix has no position in any stocks mentioned. The Motley Fool recommends Berkshire Hathaway and Wells Fargo. The Motley Fool owns shares of Bank of America, Berkshire Hathaway, Citigroup, JPMorgan Chase, and Wells Fargo.

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