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cheap Canada Goose People walk by a Citibank branch in New York January 17, 2012. REUTERS/Shannon StapletonOnly 45 percent of shareholders endorsed the pay plan in an advisory canada goose factory sale vote required under the Dodd Frank law, Michael Helfer, general counsel and corporate secretary, said at Citi annual meeting, citing preliminary vote totals https://www.cagooseclearance.com .Citigroup may have upset shareholders by increasing Pandit pay to $14.8 million last year, similar to buy canada goose jacket cheap executive pay levels canada goose store before the credit crisis struck, despite the challenges that the bank still faces. Last month, Citigroup was one of only a handful of large financial institutions that failed to buy canada goose jacket win approval from regulators for a dividend increase or share buyback.Pandit received only a symbolic $1 in 2010 and just $128,741 canadian goose jacket in 2009.Citigroup failed on pay measure is also the latest signal that shareholders are turning up the pressure on top executives who have failed to deliver improved performance.On Monday, Citigroup posted a 2 percent decline in net income for the first quarter from a year earlier, reflecting the bank difficulties as it canada goose uk outlet works to boost profits in a canada goose sluggish global economy. Still, Citigroup shares, up more than 33 percent so far this year, closed 3.2 percent higher at $35.08 on the Canada Goose Jackets New York Stock Exchange.Richard Parsons, chairman of the board, called the outcome serious matter and said directors would meet shareholder representatives to discuss their objections.The Citigroup vote tally surprised some analysts who follow corporate governance issues.would think that, given the Canada Goose online amount of public and regulatory attention that Citigroup has had for the Canada Goose Parka last four years, they would not be in a position to go to a meeting and have a negative investor vote, said Beth Young, a senior research associate for GMI Ratings in New York. Just 41 companies in the Russell 3000 Index lost on pay votes last uk canada goose outlet year, canada goose uk black friday according to ISS, a canada goose clearance sale research firm that advises institutional investors on corporate proxy issues cheap canada goose jackets .But the races Canada Goose Online appear to be canada goose clearance tightening in 2012, said Deborah Lifshey, a managing director at Pearl Meyer Partners, an canada goose coats executive canada goose black friday sale compensation consulting firm in New Canada Goose Outlet York.In many cases, pay increases have outstripped market gains for investors, Lifshey said.This year, are more discontent with execs being paid when they are not being paid, she added.For uk canada goose the Citigroup vote, proxy adviser ISS recommended siding Canada Goose sale against the board and voting on the 2011 pay plan. Glass Lewis Co, another governance advisory Canada Goose Coats On Sale firm, also recommended voting against the compensation plan.In addition to Pandit pay increase, another area of concern to proxy advisers cheap canada goose uk was the bank 2011 retention awards, stock grants aimed at convincing executives not to jump ship, canada goose uk shop noted Todd Sirras, a partner at compensation consulting firm of Semler, Brossy, which tracks the on pay votes.awards in the current environment tend to be viewed negatively, Sirras said.The majority of Citigroup shares are held by institutional investors, but professional money managers were not an obvious presence at the meeting. Only a few hundred people were in the half filled ballroom in Dallas.The shareholders who spoke were small cheap Canada Goose investors or representatives of groups promoting social causes. No representatives of major investment management firms spoke.Reporting by David Henry in New canada goose coats on sale York and Ross Kerber in Boston; editing by Aaron Pressman, Andre Grenon and Maureen Bavdek cheap Canada Goose.