Citi Executive Gets $28 Million Not to Work!

WTF?

You read it right. A top executive at Citi has reported been paid $28,000,000 not to work for competitor firm for the next fifteen months after he resigned from the global bank. Let's also not forget to mention that the executive is the head of the Chairman of the investment banking unit at City--the very unit that is causing the company to experience these problems.

Citi has been a lot of trouble lately as it has seen a 36% decrease in its stock this year, massive lay-offs and billions of dollars in write-downs just to name a few. Now, I wonder how in the hell can they afford to pay an ex-employee almost $30 million not to work for any other firm!

Damn, I hope I grow up to become as valuable as this employee. Imagine quiting your job and your company paying you just so you don't go to work for someone else!