Congratulations Mr. Klein. I'm trying to understand why/how one person deserves that much money. Wouldn't it be great if he invested a large portion of it into something beneficial to the world such as microloans (e.g. Kiva.org - see earlier post for info). Imagine having the power to drastically improve people's lives by helping entrepreneurs around the world to be successful and self-sufficient.
"Citigroup will pay Michael Klein more than $42m in cash and stock after the high-profile banker decided to leave the financial services group and pledged not to work for a rival until October of next year.
Mr Klein’s package, which Citi detailed on Friday, is one of the largest sums paid to a departing banker who was not a chief executive since the beginning of the credit crunch. It is more than that received by his former boss, Chuck Prince..."
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